This property looks like a bad Airbnb investment with a projected -7.83% first-year return on $90,282 initial cash invested.
-7.83%
Cash On Cash
4.66%
Cap Rate
0.75
DSCR
$3,651
Rent
-$589
Cashflow
Cash Flow
$3,651 income − $4,240 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,282
Downpayment
20%
$68,840
Closing costs
1%
$3,442
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$4,240
Mortgage P&I
49%
$1,779
Property Taxes
16%
$586
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913