This property looks like a bad Airbnb investment with a projected -6.67% first-year return on $90,072 initial cash invested.
-6.67%
Cash On Cash
4.71%
Cap Rate
0.77
DSCR
$2,688
Rent
-$501
Cashflow
Cash Flow
$2,688 income − $3,189 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,072
Downpayment
20%
$68,640
Closing costs
1%
$3,432
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$3,189
Mortgage P&I
65%
$1,740
Property Taxes
1%
$22
Home Insurance
5%
$122
HOA
1%
$14
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672