This property looks like a bad Airbnb investment with a projected -16.25% first-year return on $90,009 initial cash invested.
-16.25%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$2,251
Rent
-$1,219
Cashflow
Cash Flow
$2,251 income − $3,470 expenses = $1,219 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,009
Downpayment
20%
$68,580
Closing costs
1%
$3,429
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,251
Total Expenses
$3,470
Mortgage P&I
83%
$1,878
Property Taxes
18%
$399
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$563