This property looks like a bad Airbnb investment with a projected -21.08% first-year return on $91,290 initial cash invested.
-21.08%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$2,302
Rent
-$1,604
Cashflow
Cash Flow
$2,302 income − $3,906 expenses = $1,604 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$3,906
Mortgage P&I
85%
$1,956
Property Taxes
31%
$723
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576