This property looks like a bad Airbnb investment with a projected -10.95% first-year return on $91,479 initial cash invested.
-10.95%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$3,130
Rent
-$835
Cashflow
Cash Flow
$3,130 income − $3,965 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$3,965
Mortgage P&I
57%
$1,780
Property Taxes
18%
$561
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782