This property looks like a bad Airbnb investment with a projected -23.83% first-year return on $89,190 initial cash invested.
-23.83%
Cash On Cash
0.09%
Cap Rate
0.01
DSCR
$1,132
Rent
-$1,771
Cashflow
Cash Flow
$1,132 income − $2,903 expenses = $1,771 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,132
Total Expenses
$2,903
Mortgage P&I
155%
$1,751
Property Taxes
21%
$240
Home Insurance
11%
$119
HOA
22%
$250
Property Management
15%
$170
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$283