This property looks like a bad Airbnb investment with a projected -12.78% first-year return on $87,321 initial cash invested.
-12.78%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$2,538
Rent
-$930
Cashflow
Cash Flow
$2,538 income − $3,468 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,321
Downpayment
20%
$66,020
Closing costs
1%
$3,301
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$3,468
Mortgage P&I
71%
$1,806
Property Taxes
13%
$329
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$634