This property looks like a bad Airbnb investment with a projected -14.57% first-year return on $92,151 initial cash invested.
-14.57%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$1,984
Rent
-$1,119
Cashflow
Cash Flow
$1,984 income − $3,103 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,151
Downpayment
20%
$70,620
Closing costs
1%
$3,531
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,984
Total Expenses
$3,103
Mortgage P&I
89%
$1,769
Property Taxes
13%
$256
Home Insurance
6%
$126
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$496