This property looks like a bad Airbnb investment with a projected -17.37% first-year return on $89,925 initial cash invested.
-17.37%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,471
Rent
-$1,302
Cashflow
Cash Flow
$2,471 income − $3,773 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,471
Total Expenses
$3,773
Mortgage P&I
77%
$1,896
Property Taxes
21%
$515
Home Insurance
5%
$125
HOA
2%
$50
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618