This property looks like a bad Airbnb investment with a projected -15.92% first-year return on $90,996 initial cash invested.
-15.92%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$1,961
Rent
-$1,207
Cashflow
Cash Flow
$1,961 income − $3,168 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,996
Downpayment
20%
$69,520
Closing costs
1%
$3,476
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,961
Total Expenses
$3,168
Mortgage P&I
91%
$1,777
Property Taxes
16%
$311
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490