This property looks like a bad Airbnb investment with a projected -21.52% first-year return on $91,500 initial cash invested.
-21.52%
Cash On Cash
0.7%
Cap Rate
0.11
DSCR
$1,199
Rent
-$1,641
Cashflow
Cash Flow
$1,199 income − $2,840 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,199
Total Expenses
$2,840
Mortgage P&I
150%
$1,797
Property Taxes
27%
$320
Home Insurance
10%
$122
HOA
2%
$25
Property Management
15%
$180
CapEx
4%
$48
Vacancy
0%
$0
Maintenance
4%
$48
Other
25%
$300