This property looks like a bad Airbnb investment with a projected -9.21% first-year return on $91,500 initial cash invested.
-9.21%
Cash On Cash
4.14%
Cap Rate
0.67
DSCR
$2,489
Rent
-$702
Cashflow
Cash Flow
$2,489 income − $3,191 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,489
Total Expenses
$3,191
Mortgage P&I
73%
$1,810
Property Taxes
3%
$64
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$622