This property looks like a bad Airbnb investment with a projected -13.69% first-year return on $89,395 initial cash invested.
-13.69%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,011
Rent
-$1,020
Cashflow
Cash Flow
$2,011 income − $3,031 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,395
Downpayment
20%
$67,995
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,011
Total Expenses
$3,031
Mortgage P&I
91%
$1,829
Property Taxes
6%
$118
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$503