This property looks like a bad Airbnb investment with a projected -14.36% first-year return on $89,484 initial cash invested.
-14.36%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$2,264
Rent
-$1,071
Cashflow
Cash Flow
$2,264 income − $3,335 expenses = $1,071 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,484
Downpayment
20%
$68,080
Closing costs
1%
$3,404
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,264
Total Expenses
$3,335
Mortgage P&I
76%
$1,726
Property Taxes
18%
$418
Home Insurance
5%
$103
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$566