This property looks like a bad Airbnb investment with a projected -13.54% first-year return on $90,849 initial cash invested.
-13.54%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$2,448
Rent
-$1,025
Cashflow
Cash Flow
$2,448 income − $3,473 expenses = $1,025 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,849
Downpayment
20%
$69,380
Closing costs
1%
$3,469
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$3,473
Mortgage P&I
79%
$1,928
Property Taxes
10%
$248
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612