This property looks like a bad Airbnb investment with a projected -13.94% first-year return on $91,479 initial cash invested.
-13.94%
Cash On Cash
3.51%
Cap Rate
0.52
DSCR
$2,752
Rent
-$1,063
Cashflow
Cash Flow
$2,752 income − $3,815 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,752
Total Expenses
$3,815
Mortgage P&I
72%
$1,976
Property Taxes
14%
$396
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688