This property looks like a bad Airbnb investment with a projected -15.82% first-year return on $89,631 initial cash invested.
-15.82%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,200
Rent
-$1,182
Cashflow
Cash Flow
$2,200 income − $3,382 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,631
Downpayment
20%
$68,220
Closing costs
1%
$3,411
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$3,382
Mortgage P&I
85%
$1,878
Property Taxes
15%
$326
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550