This property looks like a bad Airbnb investment with a projected -25.56% first-year return on $91,500 initial cash invested.
-25.56%
Cash On Cash
-0.05%
Cap Rate
-0.01
DSCR
$1,387
Rent
-$1,949
Cashflow
Cash Flow
$1,387 income − $3,336 expenses = $1,949 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,387
Total Expenses
$3,336
Mortgage P&I
136%
$1,880
Property Taxes
48%
$669
Home Insurance
9%
$122
HOA
0%
$0
Property Management
15%
$208
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$347