This property looks like a bad Airbnb investment with a projected -3.82% first-year return on $89,295 initial cash invested.
-3.82%
Cash On Cash
6.17%
Cap Rate
0.93
DSCR
$3,785
Rent
-$284
Cashflow
Cash Flow
$3,785 income − $4,069 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,785
Total Expenses
$4,069
Mortgage P&I
50%
$1,878
Property Taxes
7%
$256
Home Insurance
3%
$119
HOA
0%
$0
Property Management
15%
$568
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$946