This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $90,639 initial cash invested.
-14.31%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$2,661
Rent
-$1,081
Cashflow
Cash Flow
$2,661 income − $3,742 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,742
Mortgage P&I
72%
$1,927
Property Taxes
17%
$439
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665