This property looks like a bad Airbnb investment with a projected -9.09% first-year return on $89,652 initial cash invested.
-9.09%
Cash On Cash
4.26%
Cap Rate
0.68
DSCR
$2,926
Rent
-$679
Cashflow
Cash Flow
$2,926 income − $3,605 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,652
Downpayment
20%
$68,240
Closing costs
1%
$3,412
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$3,605
Mortgage P&I
61%
$1,772
Property Taxes
10%
$306
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732