This property looks like a bad Airbnb investment with a projected -11.88% first-year return on $90,135 initial cash invested.
-11.88%
Cash On Cash
3.44%
Cap Rate
0.55
DSCR
$2,235
Rent
-$892
Cashflow
Cash Flow
$2,235 income − $3,127 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,235
Total Expenses
$3,127
Mortgage P&I
80%
$1,789
Property Taxes
6%
$144
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$559