This property looks like a bad Airbnb investment with a projected -17.05% first-year return on $91,563 initial cash invested.
-17.05%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$1,721
Rent
-$1,301
Cashflow
Cash Flow
$1,721 income − $3,022 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,721
Total Expenses
$3,022
Mortgage P&I
103%
$1,765
Property Taxes
18%
$303
Home Insurance
7%
$128
HOA
0%
$0
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$430