This property looks like a bad Airbnb investment with a projected -15.63% first-year return on $89,379 initial cash invested.
-15.63%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,125
Rent
-$1,164
Cashflow
Cash Flow
$2,125 income − $3,289 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,125
Total Expenses
$3,289
Mortgage P&I
87%
$1,855
Property Taxes
14%
$295
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$531