This property looks like a bad Airbnb investment with a projected -1.87% first-year return on $89,316 initial cash invested.
-1.87%
Cash On Cash
6.17%
Cap Rate
1.01
DSCR
$3,846
Rent
-$139
Cashflow
Cash Flow
$3,846 income − $3,985 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,316
Downpayment
20%
$67,920
Closing costs
1%
$3,396
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$3,985
Mortgage P&I
45%
$1,730
Property Taxes
8%
$291
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962