This property looks like a bad Airbnb investment with a projected -5.36% first-year return on $89,106 initial cash invested.
-5.36%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$3,107
Rent
-$398
Cashflow
Cash Flow
$3,107 income − $3,505 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,106
Downpayment
20%
$67,720
Closing costs
1%
$3,386
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,107
Total Expenses
$3,505
Mortgage P&I
60%
$1,867
Property Taxes
2%
$49
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$777