This property looks like a bad Airbnb investment with a projected -12.15% first-year return on $89,589 initial cash invested.
-12.15%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$2,779
Rent
-$907
Cashflow
Cash Flow
$2,779 income − $3,686 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,589
Downpayment
20%
$68,180
Closing costs
1%
$3,409
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,779
Total Expenses
$3,686
Mortgage P&I
63%
$1,740
Property Taxes
18%
$490
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$695