This property looks like a bad Airbnb investment with a projected -15.57% first-year return on $89,778 initial cash invested.
-15.57%
Cash On Cash
2.38%
Cap Rate
0.38
DSCR
$1,730
Rent
-$1,165
Cashflow
Cash Flow
$1,730 income − $2,895 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,778
Downpayment
20%
$68,360
Closing costs
1%
$3,418
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,730
Total Expenses
$2,895
Mortgage P&I
102%
$1,773
Property Taxes
10%
$170
Home Insurance
7%
$122
HOA
0%
$0
Property Management
15%
$260
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432