This property looks like a bad Airbnb investment with a projected -8.81% first-year return on $89,379 initial cash invested.
-8.81%
Cash On Cash
4.47%
Cap Rate
0.71
DSCR
$3,234
Rent
-$656
Cashflow
Cash Flow
$3,234 income − $3,890 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,234
Total Expenses
$3,890
Mortgage P&I
55%
$1,792
Property Taxes
13%
$428
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$485
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$808