This property looks like a bad Airbnb investment with a projected -25.75% first-year return on $90,723 initial cash invested.
-25.75%
Cash On Cash
-0.55%
Cap Rate
-0.09
DSCR
$0
Rent
-$1,947
Cashflow
Cash Flow
$0 income − $1,947 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$0
Total Expenses
$1,947
Mortgage P&I
17890000%
$1,789
Property Taxes
360000%
$36
Home Insurance
1220000%
$122
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0