This property looks like a bad Airbnb investment with a projected -14.08% first-year return on $92,277 initial cash invested.
-14.08%
Cash On Cash
2.9%
Cap Rate
0.46
DSCR
$2,282
Rent
-$1,083
Cashflow
Cash Flow
$2,282 income − $3,365 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,282
Total Expenses
$3,365
Mortgage P&I
81%
$1,846
Property Taxes
13%
$295
Home Insurance
6%
$130
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570