This property looks like a bad Airbnb investment with a projected -16.18% first-year return on $91,731 initial cash invested.
-16.18%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$2,485
Rent
-$1,237
Cashflow
Cash Flow
$2,485 income − $3,722 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,485
Total Expenses
$3,722
Mortgage P&I
78%
$1,945
Property Taxes
18%
$456
Home Insurance
5%
$129
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621