This property looks like a bad Airbnb investment with a projected -20.34% first-year return on $89,379 initial cash invested.
-20.34%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$1,166
Rent
-$1,515
Cashflow
Cash Flow
$1,166 income − $2,681 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,166
Total Expenses
$2,681
Mortgage P&I
150%
$1,750
Property Taxes
22%
$251
Home Insurance
10%
$119
HOA
0%
$0
Property Management
15%
$175
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$292