This property looks like a bad Airbnb investment with a projected -7.39% first-year return on $89,442 initial cash invested.
-7.39%
Cash On Cash
4.63%
Cap Rate
0.75
DSCR
$2,827
Rent
-$551
Cashflow
Cash Flow
$2,827 income − $3,378 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,442
Downpayment
20%
$68,040
Closing costs
1%
$3,402
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,827
Total Expenses
$3,378
Mortgage P&I
62%
$1,750
Property Taxes
5%
$149
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$707