This property looks like a bad Airbnb investment with a projected -26.46% first-year return on $91,290 initial cash invested.
-26.46%
Cash On Cash
-0.56%
Cap Rate
-0.09
DSCR
$1,316
Rent
-$2,013
Cashflow
Cash Flow
$1,316 income − $3,329 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,316
Total Expenses
$3,329
Mortgage P&I
137%
$1,798
Property Taxes
59%
$777
Home Insurance
9%
$122
HOA
0%
$0
Property Management
15%
$197
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$329