This property looks like a bad Airbnb investment with a projected -10.7% first-year return on $89,232 initial cash invested.
-10.7%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$2,514
Rent
-$796
Cashflow
Cash Flow
$2,514 income − $3,310 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,232
Downpayment
20%
$67,840
Closing costs
1%
$3,392
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,514
Total Expenses
$3,310
Mortgage P&I
72%
$1,822
Property Taxes
5%
$137
Home Insurance
6%
$144
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$628