This property looks like a bad Airbnb investment with a projected -15.9% first-year return on $90,051 initial cash invested.
-15.9%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,473
Rent
-$1,193
Cashflow
Cash Flow
$2,473 income − $3,666 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,051
Downpayment
20%
$68,620
Closing costs
1%
$3,431
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,473
Total Expenses
$3,666
Mortgage P&I
71%
$1,759
Property Taxes
24%
$598
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618