This property looks like a bad Airbnb investment with a projected -16.12% first-year return on $91,500 initial cash invested.
-16.12%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$2,383
Rent
-$1,229
Cashflow
Cash Flow
$2,383 income − $3,612 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,383
Total Expenses
$3,612
Mortgage P&I
76%
$1,817
Property Taxes
22%
$526
Home Insurance
5%
$122
HOA
0%
$4
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596