This property looks like a bad Airbnb investment with a projected -15.59% first-year return on $89,295 initial cash invested.
-15.59%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,426
Rent
-$1,160
Cashflow
Cash Flow
$2,426 income − $3,586 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$3,586
Mortgage P&I
77%
$1,861
Property Taxes
14%
$344
Home Insurance
5%
$121
HOA
4%
$96
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$606