This property looks like a bad Airbnb investment with a projected -14.59% first-year return on $89,715 initial cash invested.
-14.59%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$2,289
Rent
-$1,091
Cashflow
Cash Flow
$2,289 income − $3,380 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$3,380
Mortgage P&I
78%
$1,778
Property Taxes
17%
$381
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572