This property looks like a bad Airbnb investment with a projected -14.71% first-year return on $91,101 initial cash invested.
-14.71%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$1,875
Rent
-$1,117
Cashflow
Cash Flow
$1,875 income − $2,992 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,875
Total Expenses
$2,992
Mortgage P&I
94%
$1,770
Property Taxes
11%
$200
Home Insurance
7%
$122
HOA
0%
$0
Property Management
15%
$281
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$469