This property looks like a bad Airbnb investment with a projected -11.82% first-year return on $89,925 initial cash invested.
-11.82%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$2,216
Rent
-$886
Cashflow
Cash Flow
$2,216 income − $3,102 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,216
Total Expenses
$3,102
Mortgage P&I
79%
$1,749
Property Taxes
8%
$167
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554