This property looks like a bad Airbnb investment with a projected -14.17% first-year return on $90,639 initial cash invested.
-14.17%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,610
Rent
-$1,070
Cashflow
Cash Flow
$2,610 income − $3,680 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$3,680
Mortgage P&I
73%
$1,895
Property Taxes
16%
$411
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652