This property looks like a bad Airbnb investment with a projected -14.46% first-year return on $91,017 initial cash invested.
-14.46%
Cash On Cash
2.64%
Cap Rate
0.43
DSCR
$1,847
Rent
-$1,097
Cashflow
Cash Flow
$1,847 income − $2,944 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,017
Downpayment
20%
$69,540
Closing costs
1%
$3,477
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,847
Total Expenses
$2,944
Mortgage P&I
97%
$1,789
Property Taxes
5%
$98
Home Insurance
9%
$170
HOA
0%
$0
Property Management
15%
$277
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$462