This property looks like a bad Airbnb investment with a projected -9.57% first-year return on $89,904 initial cash invested.
-9.57%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$2,426
Rent
-$717
Cashflow
Cash Flow
$2,426 income − $3,143 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,904
Downpayment
20%
$68,480
Closing costs
1%
$3,424
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$3,143
Mortgage P&I
72%
$1,758
Property Taxes
4%
$99
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$606