This property looks like a bad Airbnb investment with a projected -15.89% first-year return on $91,437 initial cash invested.
-15.89%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,100
Rent
-$1,211
Cashflow
Cash Flow
$2,100 income − $3,311 expenses = $1,211 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,437
Downpayment
20%
$69,940
Closing costs
1%
$3,497
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$3,311
Mortgage P&I
92%
$1,936
Property Taxes
12%
$243
Home Insurance
6%
$124
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$525