This property looks like a bad Airbnb investment with a projected -7.56% first-year return on $89,820 initial cash invested.
-7.56%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$3,168
Rent
-$566
Cashflow
Cash Flow
$3,168 income − $3,734 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,820
Downpayment
20%
$68,400
Closing costs
1%
$3,420
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$3,734
Mortgage P&I
55%
$1,739
Property Taxes
10%
$319
Home Insurance
4%
$122
HOA
1%
$33
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792