This property looks like a bad Airbnb investment with a projected -13.28% first-year return on $89,379 initial cash invested.
-13.28%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$2,327
Rent
-$989
Cashflow
Cash Flow
$2,327 income − $3,316 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,327
Total Expenses
$3,316
Mortgage P&I
80%
$1,857
Property Taxes
10%
$223
Home Insurance
5%
$119
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582