This property looks like a bad Airbnb investment with a projected -7.95% first-year return on $90,660 initial cash invested.
-7.95%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$3,118
Rent
-$601
Cashflow
Cash Flow
$3,118 income − $3,719 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$3,719
Mortgage P&I
61%
$1,895
Property Taxes
7%
$204
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780