This property looks like a bad Airbnb investment with a projected -13.21% first-year return on $91,290 initial cash invested.
-13.21%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,534
Rent
-$1,005
Cashflow
Cash Flow
$2,534 income − $3,539 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,534
Total Expenses
$3,539
Mortgage P&I
75%
$1,893
Property Taxes
12%
$308
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634