This property looks like a bad Airbnb investment with a projected -11.13% first-year return on $90,324 initial cash invested.
-11.13%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$2,863
Rent
-$838
Cashflow
Cash Flow
$2,863 income − $3,701 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,863
Total Expenses
$3,701
Mortgage P&I
63%
$1,811
Property Taxes
14%
$410
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$429
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$716