This property looks like a bad Airbnb investment with a projected -22.38% first-year return on $92,529 initial cash invested.
-22.38%
Cash On Cash
0.52%
Cap Rate
0.08
DSCR
$1,512
Rent
-$1,726
Cashflow
Cash Flow
$1,512 income − $3,238 expenses = $1,726 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,529
Downpayment
20%
$70,980
Closing costs
1%
$3,549
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,512
Total Expenses
$3,238
Mortgage P&I
120%
$1,820
Property Taxes
38%
$571
Home Insurance
8%
$122
HOA
0%
$0
Property Management
15%
$227
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$378