This property looks like a bad Airbnb investment with a projected -15.26% first-year return on $91,290 initial cash invested.
-15.26%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$2,460
Rent
-$1,161
Cashflow
Cash Flow
$2,460 income − $3,621 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,460
Total Expenses
$3,621
Mortgage P&I
78%
$1,916
Property Taxes
16%
$403
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615