This property looks like a bad Airbnb investment with a projected -17.5% first-year return on $92,802 initial cash invested.
-17.5%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$1,824
Rent
-$1,353
Cashflow
Cash Flow
$1,824 income − $3,177 expenses = $1,353 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,802
Downpayment
20%
$71,240
Closing costs
1%
$3,562
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,824
Total Expenses
$3,177
Mortgage P&I
103%
$1,876
Property Taxes
16%
$296
Home Insurance
7%
$129
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$456