This property looks like a bad Airbnb investment with a projected -8.9% first-year return on $90,030 initial cash invested.
-8.9%
Cash On Cash
4.76%
Cap Rate
0.71
DSCR
$2,805
Rent
-$668
Cashflow
Cash Flow
$2,805 income − $3,473 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,030
Downpayment
20%
$68,600
Closing costs
1%
$3,430
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,805
Total Expenses
$3,473
Mortgage P&I
68%
$1,917
Property Taxes
3%
$88
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701