This property looks like a bad Airbnb investment with a projected -19.76% first-year return on $91,258 initial cash invested.
-19.76%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$3,163
Rent
-$1,503
Cashflow
Cash Flow
$3,163 income − $4,666 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,258
Downpayment
20%
$69,770
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,163
Total Expenses
$4,666
Mortgage P&I
61%
$1,937
Property Taxes
34%
$1,088
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$791