This property looks like a bad Airbnb investment with a projected -10.41% first-year return on $89,841 initial cash invested.
-10.41%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$3,062
Rent
-$779
Cashflow
Cash Flow
$3,062 income − $3,841 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,841
Downpayment
20%
$68,420
Closing costs
1%
$3,421
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,841
Mortgage P&I
59%
$1,813
Property Taxes
14%
$424
Home Insurance
4%
$122
HOA
0%
$13
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$766