This property looks like a bad Airbnb investment with a projected -19.65% first-year return on $90,135 initial cash invested.
-19.65%
Cash On Cash
1.26%
Cap Rate
0.2
DSCR
$1,516
Rent
-$1,476
Cashflow
Cash Flow
$1,516 income − $2,992 expenses = $1,476 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,516
Total Expenses
$2,992
Mortgage P&I
117%
$1,775
Property Taxes
24%
$367
Home Insurance
8%
$122
HOA
0%
$0
Property Management
15%
$227
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$379