This property looks like a bad Airbnb investment with a projected -9.07% first-year return on $90,534 initial cash invested.
-9.07%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,756
Rent
-$684
Cashflow
Cash Flow
$2,756 income − $3,440 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$3,440
Mortgage P&I
64%
$1,759
Property Taxes
9%
$245
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$689