This property looks like a bad Airbnb investment with a projected -16.99% first-year return on $91,164 initial cash invested.
-16.99%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$1,892
Rent
-$1,291
Cashflow
Cash Flow
$1,892 income − $3,183 expenses = $1,291 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,892
Total Expenses
$3,183
Mortgage P&I
94%
$1,779
Property Taxes
20%
$374
Home Insurance
6%
$121
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$473