This property looks like a bad Airbnb investment with a projected -13.98% first-year return on $91,500 initial cash invested.
-13.98%
Cash On Cash
2.71%
Cap Rate
0.45
DSCR
$2,039
Rent
-$1,066
Cashflow
Cash Flow
$2,039 income − $3,105 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,039
Total Expenses
$3,105
Mortgage P&I
87%
$1,775
Property Taxes
11%
$228
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510