This property looks like a bad Airbnb investment with a projected -16.16% first-year return on $90,492 initial cash invested.
-16.16%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,112
Rent
-$1,219
Cashflow
Cash Flow
$2,112 income − $3,331 expenses = $1,219 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,112
Total Expenses
$3,331
Mortgage P&I
88%
$1,867
Property Taxes
16%
$329
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$528