This property looks like a bad Airbnb investment with a projected -5.03% first-year return on $89,190 initial cash invested.
-5.03%
Cash On Cash
5.26%
Cap Rate
0.86
DSCR
$3,196
Rent
-$374
Cashflow
Cash Flow
$3,196 income − $3,570 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$3,570
Mortgage P&I
54%
$1,732
Property Taxes
6%
$185
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799