This property looks like a bad Airbnb investment with a projected -12.04% first-year return on $91,878 initial cash invested.
-12.04%
Cash On Cash
3.35%
Cap Rate
0.54
DSCR
$2,481
Rent
-$922
Cashflow
Cash Flow
$2,481 income − $3,403 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,878
Downpayment
20%
$70,360
Closing costs
1%
$3,518
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,481
Total Expenses
$3,403
Mortgage P&I
73%
$1,804
Property Taxes
12%
$287
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620