This property looks like a bad Airbnb investment with a projected -10.51% first-year return on $89,442 initial cash invested.
-10.51%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$2,904
Rent
-$783
Cashflow
Cash Flow
$2,904 income − $3,687 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,442
Downpayment
20%
$68,040
Closing costs
1%
$3,402
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$3,687
Mortgage P&I
60%
$1,733
Property Taxes
13%
$384
Home Insurance
4%
$122
HOA
2%
$54
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726