This property looks like a bad Airbnb investment with a projected -16.91% first-year return on $90,240 initial cash invested.
-16.91%
Cash On Cash
2.59%
Cap Rate
0.39
DSCR
$2,688
Rent
-$1,272
Cashflow
Cash Flow
$2,688 income − $3,960 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$3,960
Mortgage P&I
71%
$1,907
Property Taxes
24%
$642
Home Insurance
4%
$120
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672