This property looks like a bad Airbnb investment with a projected -17.69% first-year return on $91,290 initial cash invested.
-17.69%
Cash On Cash
1.86%
Cap Rate
0.3
DSCR
$2,140
Rent
-$1,346
Cashflow
Cash Flow
$2,140 income − $3,486 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,140
Total Expenses
$3,486
Mortgage P&I
84%
$1,802
Property Taxes
22%
$471
Home Insurance
6%
$122
HOA
3%
$63
Property Management
15%
$321
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$535