This property looks like a bad Airbnb investment with a projected -17.29% first-year return on $90,660 initial cash invested.
-17.29%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,498
Rent
-$1,306
Cashflow
Cash Flow
$2,498 income − $3,804 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,498
Total Expenses
$3,804
Mortgage P&I
76%
$1,895
Property Taxes
24%
$588
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624