This property looks like a bad Airbnb investment with a projected -12.14% first-year return on $90,429 initial cash invested.
-12.14%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$2,248
Rent
-$915
Cashflow
Cash Flow
$2,248 income − $3,163 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$3,163
Mortgage P&I
78%
$1,763
Property Taxes
9%
$200
Home Insurance
5%
$121
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562