This property looks like a bad Airbnb investment with a projected -13.89% first-year return on $90,282 initial cash invested.
-13.89%
Cash On Cash
3.49%
Cap Rate
0.52
DSCR
$3,076
Rent
-$1,045
Cashflow
Cash Flow
$3,076 income − $4,121 expenses = $1,045 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,282
Downpayment
20%
$68,840
Closing costs
1%
$3,442
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$4,121
Mortgage P&I
63%
$1,924
Property Taxes
19%
$599
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$769