This property looks like a bad Airbnb investment with a projected -23.08% first-year return on $89,589 initial cash invested.
-23.08%
Cash On Cash
0.31%
Cap Rate
0.05
DSCR
$1,650
Rent
-$1,723
Cashflow
Cash Flow
$1,650 income − $3,373 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,589
Downpayment
20%
$68,180
Closing costs
1%
$3,409
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,650
Total Expenses
$3,373
Mortgage P&I
106%
$1,746
Property Taxes
43%
$713
Home Insurance
7%
$122
HOA
0%
$0
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412