This property looks like a bad Airbnb investment with a projected -12.27% first-year return on $89,211 initial cash invested.
-12.27%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$1,977
Rent
-$912
Cashflow
Cash Flow
$1,977 income − $2,889 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,211
Downpayment
20%
$67,820
Closing costs
1%
$3,391
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,977
Total Expenses
$2,889
Mortgage P&I
88%
$1,744
Property Taxes
4%
$75
Home Insurance
6%
$121
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494