This property looks like a bad Airbnb investment with a projected -14.71% first-year return on $91,479 initial cash invested.
-14.71%
Cash On Cash
2.59%
Cap Rate
0.43
DSCR
$2,537
Rent
-$1,121
Cashflow
Cash Flow
$2,537 income − $3,658 expenses = $1,121 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,537
Total Expenses
$3,658
Mortgage P&I
70%
$1,775
Property Taxes
21%
$544
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634