This property looks like a bad Airbnb investment with a projected -14.87% first-year return on $89,169 initial cash invested.
-14.87%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$1,693
Rent
-$1,105
Cashflow
Cash Flow
$1,693 income − $2,798 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,169
Downpayment
20%
$67,780
Closing costs
1%
$3,389
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,693
Total Expenses
$2,798
Mortgage P&I
103%
$1,751
Property Taxes
7%
$111
Home Insurance
7%
$119
HOA
0%
$4
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423