This property looks like a bad Airbnb investment with a projected -6.7% first-year return on $91,500 initial cash invested.
-6.7%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$2,978
Rent
-$511
Cashflow
Cash Flow
$2,978 income − $3,489 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$3,489
Mortgage P&I
63%
$1,880
Property Taxes
2%
$58
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744