This property looks like a bad Airbnb investment with a projected -17.03% first-year return on $91,752 initial cash invested.
-17.03%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$1,573
Rent
-$1,302
Cashflow
Cash Flow
$1,573 income − $2,875 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,573
Total Expenses
$2,875
Mortgage P&I
121%
$1,899
Property Taxes
8%
$125
Home Insurance
6%
$96
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$393