This property looks like a bad Airbnb investment with a projected -14.27% first-year return on $89,715 initial cash invested.
-14.27%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$2,143
Rent
-$1,067
Cashflow
Cash Flow
$2,143 income − $3,210 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,143
Total Expenses
$3,210
Mortgage P&I
88%
$1,894
Property Taxes
8%
$162
Home Insurance
6%
$122
HOA
0%
$3
Property Management
15%
$321
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$536