This property looks like a bad Airbnb investment with a projected -17.94% first-year return on $90,912 initial cash invested.
-17.94%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$1,771
Rent
-$1,359
Cashflow
Cash Flow
$1,771 income − $3,130 expenses = $1,359 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,771
Total Expenses
$3,130
Mortgage P&I
105%
$1,854
Property Taxes
17%
$297
Home Insurance
7%
$128
HOA
0%
$0
Property Management
15%
$266
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$443