This property looks like a bad Airbnb investment with a projected -4.69% first-year return on $89,358 initial cash invested.
-4.69%
Cash On Cash
5.89%
Cap Rate
0.89
DSCR
$3,584
Rent
-$349
Cashflow
Cash Flow
$3,584 income − $3,933 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,358
Downpayment
20%
$67,960
Closing costs
1%
$3,398
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$3,933
Mortgage P&I
52%
$1,873
Property Taxes
6%
$218
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$538
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896