This property looks like a bad Airbnb investment with a projected -17.53% first-year return on $91,479 initial cash invested.
-17.53%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$1,990
Rent
-$1,336
Cashflow
Cash Flow
$1,990 income − $3,326 expenses = $1,336 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,990
Total Expenses
$3,326
Mortgage P&I
89%
$1,779
Property Taxes
21%
$419
Home Insurance
6%
$122
HOA
3%
$50
Property Management
15%
$298
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498