This property looks like a bad Airbnb investment with a projected -4.71% first-year return on $89,190 initial cash invested.
-4.71%
Cash On Cash
5.37%
Cap Rate
0.87
DSCR
$3,275
Rent
-$350
Cashflow
Cash Flow
$3,275 income − $3,625 expenses = $350 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
$3,275
Total Expenses
$3,625
Mortgage P&I
53%
$1,736
Property Taxes
6%
$198
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819