This property looks like a bad Airbnb investment with a projected -6.72% first-year return on $92,550 initial cash invested.
-6.72%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$3,639
Rent
-$518
Cashflow
Cash Flow
$3,639 income − $4,157 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$4,157
Mortgage P&I
53%
$1,915
Property Taxes
10%
$370
Home Insurance
3%
$124
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910