This property looks like a bad Airbnb investment with a projected -17.73% first-year return on $91,521 initial cash invested.
-17.73%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$2,067
Rent
-$1,352
Cashflow
Cash Flow
$2,067 income − $3,419 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,521
Downpayment
20%
$70,020
Closing costs
1%
$3,501
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,067
Total Expenses
$3,419
Mortgage P&I
94%
$1,951
Property Taxes
17%
$353
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$517