This property looks like a bad Airbnb investment with a projected -9.61% first-year return on $91,038 initial cash invested.
-9.61%
Cash On Cash
4.72%
Cap Rate
0.69
DSCR
$3,101
Rent
-$729
Cashflow
Cash Flow
$3,101 income − $3,830 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,038
Downpayment
20%
$69,560
Closing costs
1%
$3,478
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,101
Total Expenses
$3,830
Mortgage P&I
64%
$1,974
Property Taxes
8%
$242
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775