This property looks like a bad Airbnb investment with a projected -17.31% first-year return on $90,282 initial cash invested.
-17.31%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$2,107
Rent
-$1,302
Cashflow
Cash Flow
$2,107 income − $3,409 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,282
Downpayment
20%
$68,840
Closing costs
1%
$3,442
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,107
Total Expenses
$3,409
Mortgage P&I
90%
$1,902
Property Taxes
16%
$336
Home Insurance
6%
$122
HOA
2%
$38
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527