This property looks like a bad Airbnb investment with a projected -14.53% first-year return on $90,429 initial cash invested.
-14.53%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$2,158
Rent
-$1,095
Cashflow
Cash Flow
$2,158 income − $3,253 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$3,253
Mortgage P&I
82%
$1,766
Property Taxes
15%
$330
Home Insurance
6%
$121
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540