This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $92,109 initial cash invested.
-13.85%
Cash On Cash
2.72%
Cap Rate
0.45
DSCR
$2,009
Rent
-$1,063
Cashflow
Cash Flow
$2,009 income − $3,072 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,009
Total Expenses
$3,072
Mortgage P&I
89%
$1,783
Property Taxes
10%
$198
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$301
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$502