This property looks like a bad Airbnb investment with a projected -18.2% first-year return on $90,660 initial cash invested.
-18.2%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$2,253
Rent
-$1,375
Cashflow
Cash Flow
$2,253 income − $3,628 expenses = $1,375 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,253
Total Expenses
$3,628
Mortgage P&I
81%
$1,834
Property Taxes
26%
$591
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$563