This property looks like a bad Airbnb investment with a projected -18.56% first-year return on $89,085 initial cash invested.
-18.56%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$1,571
Rent
-$1,378
Cashflow
Cash Flow
$1,571 income − $2,949 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,085
Downpayment
20%
$67,700
Closing costs
1%
$3,385
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,571
Total Expenses
$2,949
Mortgage P&I
121%
$1,893
Property Taxes
11%
$179
Home Insurance
8%
$122
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$393