This property looks like a bad Airbnb investment with a projected -11.5% first-year return on $89,862 initial cash invested.
-11.5%
Cash On Cash
3.49%
Cap Rate
0.57
DSCR
$2,642
Rent
-$861
Cashflow
Cash Flow
$2,642 income − $3,503 expenses = $861 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$3,503
Mortgage P&I
66%
$1,749
Property Taxes
14%
$365
Home Insurance
5%
$121
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660