This property looks like a bad Airbnb investment with a projected -7.97% first-year return on $89,400 initial cash invested.
-7.97%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$3,294
Rent
-$594
Cashflow
Cash Flow
$3,294 income − $3,888 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,294
Total Expenses
$3,888
Mortgage P&I
56%
$1,854
Property Taxes
10%
$333
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$494
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$824