This property looks like a bad Airbnb investment with a projected -11.97% first-year return on $89,988 initial cash invested.
-11.97%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$2,620
Rent
-$898
Cashflow
Cash Flow
$2,620 income − $3,518 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,988
Downpayment
20%
$68,560
Closing costs
1%
$3,428
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$3,518
Mortgage P&I
67%
$1,750
Property Taxes
15%
$388
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$655