This property looks like a bad Airbnb investment with a projected -22.11% first-year return on $89,673 initial cash invested.
-22.11%
Cash On Cash
0.39%
Cap Rate
0.07
DSCR
$1,498
Rent
-$1,652
Cashflow
Cash Flow
$1,498 income − $3,150 expenses = $1,652 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,673
Downpayment
20%
$68,260
Closing costs
1%
$3,413
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,498
Total Expenses
$3,150
Mortgage P&I
114%
$1,703
Property Taxes
40%
$606
Home Insurance
8%
$122
HOA
0%
$0
Property Management
15%
$225
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$374