This property looks like a bad Airbnb investment with a projected -11.31% first-year return on $91,689 initial cash invested.
-11.31%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$2,859
Rent
-$864
Cashflow
Cash Flow
$2,859 income − $3,723 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,689
Downpayment
20%
$70,180
Closing costs
1%
$3,509
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,859
Total Expenses
$3,723
Mortgage P&I
65%
$1,867
Property Taxes
13%
$363
Home Insurance
4%
$121
HOA
0%
$0
Property Management
15%
$429
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$715