This property looks like a bad Airbnb investment with a projected -9.6% first-year return on $90,030 initial cash invested.
-9.6%
Cash On Cash
4.38%
Cap Rate
0.69
DSCR
$3,804
Rent
-$720
Cashflow
Cash Flow
$3,804 income − $4,524 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,804
Total Expenses
$4,524
Mortgage P&I
48%
$1,821
Property Taxes
20%
$755
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$571
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$951