This property looks like a bad Airbnb investment with a projected -16.47% first-year return on $89,390 initial cash invested.
-16.47%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$2,080
Rent
-$1,227
Cashflow
Cash Flow
$2,080 income − $3,307 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,390
Downpayment
20%
$67,990
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,080
Total Expenses
$3,307
Mortgage P&I
88%
$1,836
Property Taxes
17%
$354
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$520