This property looks like a bad Airbnb investment with a projected -12.96% first-year return on $89,190 initial cash invested.
-12.96%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$2,231
Rent
-$963
Cashflow
Cash Flow
$2,231 income − $3,194 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,231
Total Expenses
$3,194
Mortgage P&I
78%
$1,732
Property Taxes
12%
$270
Home Insurance
5%
$121
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558