This property looks like a bad Airbnb investment with a projected -12.5% first-year return on $89,736 initial cash invested.
-12.5%
Cash On Cash
3.26%
Cap Rate
0.52
DSCR
$2,207
Rent
-$935
Cashflow
Cash Flow
$2,207 income − $3,142 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,736
Downpayment
20%
$68,320
Closing costs
1%
$3,416
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,207
Total Expenses
$3,142
Mortgage P&I
80%
$1,774
Property Taxes
8%
$187
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$331
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$552