This property looks like a bad Airbnb investment with a projected -24.94% first-year return on $90,450 initial cash invested.
-24.94%
Cash On Cash
0.06%
Cap Rate
0.01
DSCR
$1,505
Rent
-$1,880
Cashflow
Cash Flow
$1,505 income − $3,385 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,505
Total Expenses
$3,385
Mortgage P&I
122%
$1,836
Property Taxes
45%
$673
Home Insurance
8%
$121
HOA
2%
$33
Property Management
15%
$226
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$376