This property looks like a bad Airbnb investment with a projected -19.13% first-year return on $91,752 initial cash invested.
-19.13%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$1,586
Rent
-$1,463
Cashflow
Cash Flow
$1,586 income − $3,049 expenses = $1,463 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,586
Total Expenses
$3,049
Mortgage P&I
116%
$1,838
Property Taxes
21%
$329
Home Insurance
8%
$122
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396