This property looks like a bad Airbnb investment with a projected -13.7% first-year return on $92,025 initial cash invested.
-13.7%
Cash On Cash
2.93%
Cap Rate
0.47
DSCR
$2,148
Rent
-$1,051
Cashflow
Cash Flow
$2,148 income − $3,199 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,025
Downpayment
20%
$70,500
Closing costs
1%
$3,525
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,148
Total Expenses
$3,199
Mortgage P&I
85%
$1,826
Property Taxes
10%
$216
Home Insurance
6%
$126
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537