This property looks like a bad Airbnb investment with a projected -6.5% first-year return on $92,697 initial cash invested.
-6.5%
Cash On Cash
5.43%
Cap Rate
0.82
DSCR
$3,971
Rent
-$502
Cashflow
Cash Flow
$3,971 income − $4,473 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,971
Total Expenses
$4,473
Mortgage P&I
49%
$1,953
Property Taxes
8%
$334
Home Insurance
3%
$126
HOA
4%
$153
Property Management
15%
$596
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$993