This property looks like a bad Airbnb investment with a projected -14.25% first-year return on $91,290 initial cash invested.
-14.25%
Cash On Cash
3.28%
Cap Rate
0.49
DSCR
$2,632
Rent
-$1,084
Cashflow
Cash Flow
$2,632 income − $3,716 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$3,716
Mortgage P&I
73%
$1,932
Property Taxes
14%
$366
Home Insurance
5%
$122
HOA
1%
$33
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658