This property looks like a bad Airbnb investment with a projected -14.2% first-year return on $91,416 initial cash invested.
-14.2%
Cash On Cash
2.65%
Cap Rate
0.43
DSCR
$1,843
Rent
-$1,082
Cashflow
Cash Flow
$1,843 income − $2,925 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,416
Downpayment
20%
$69,920
Closing costs
1%
$3,496
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,843
Total Expenses
$2,925
Mortgage P&I
97%
$1,780
Property Taxes
7%
$138
Home Insurance
7%
$122
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$461