This property looks like a bad Airbnb investment with a projected -5.91% first-year return on $91,038 initial cash invested.
-5.91%
Cash On Cash
5.16%
Cap Rate
0.83
DSCR
$3,391
Rent
-$448
Cashflow
Cash Flow
$3,391 income − $3,839 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,038
Downpayment
20%
$69,560
Closing costs
1%
$3,478
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,391
Total Expenses
$3,839
Mortgage P&I
53%
$1,807
Property Taxes
8%
$281
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848