This property looks like a bad Airbnb investment with a projected -14.66% first-year return on $91,290 initial cash invested.
-14.66%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$1,991
Rent
-$1,115
Cashflow
Cash Flow
$1,991 income − $3,106 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,991
Total Expenses
$3,106
Mortgage P&I
94%
$1,876
Property Taxes
8%
$151
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498