This property looks like a bad Airbnb investment with a projected -3.57% first-year return on $91,437 initial cash invested.
-3.57%
Cash On Cash
5.96%
Cap Rate
0.93
DSCR
$3,692
Rent
-$272
Cashflow
Cash Flow
$3,692 income − $3,964 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,437
Downpayment
20%
$69,940
Closing costs
1%
$3,497
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$3,964
Mortgage P&I
50%
$1,861
Property Taxes
5%
$185
Home Insurance
3%
$124
HOA
1%
$21
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923