This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $90,408 initial cash invested.
-13.38%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$2,743
Rent
-$1,008
Cashflow
Cash Flow
$2,743 income − $3,751 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,408
Downpayment
20%
$68,960
Closing costs
1%
$3,448
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,743
Total Expenses
$3,751
Mortgage P&I
70%
$1,911
Property Taxes
15%
$401
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686