This property looks like a bad Airbnb investment with a projected -15.25% first-year return on $91,101 initial cash invested.
-15.25%
Cash On Cash
2.42%
Cap Rate
0.39
DSCR
$1,861
Rent
-$1,158
Cashflow
Cash Flow
$1,861 income − $3,019 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,861
Total Expenses
$3,019
Mortgage P&I
96%
$1,787
Property Taxes
12%
$214
Home Insurance
7%
$126
HOA
0%
$0
Property Management
15%
$279
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$465