This property looks like a bad Airbnb investment with a projected -18.79% first-year return on $91,500 initial cash invested.
-18.79%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$1,377
Rent
-$1,433
Cashflow
Cash Flow
$1,377 income − $2,810 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,377
Total Expenses
$2,810
Mortgage P&I
130%
$1,785
Property Taxes
18%
$242
Home Insurance
9%
$122
HOA
0%
$0
Property Management
15%
$207
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$344