This property looks like a bad Airbnb investment with a projected -22.57% first-year return on $91,500 initial cash invested.
-22.57%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$2,455
Rent
-$1,721
Cashflow
Cash Flow
$2,455 income − $4,176 expenses = $1,721 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,455
Total Expenses
$4,176
Mortgage P&I
76%
$1,854
Property Taxes
42%
$1,022
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614