This property looks like a bad Airbnb investment with a projected -10.31% first-year return on $87,300 initial cash invested.
-10.31%
Cash On Cash
3.83%
Cap Rate
0.62
DSCR
$2,341
Rent
-$750
Cashflow
Cash Flow
$2,341 income − $3,091 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,341
Total Expenses
$3,091
Mortgage P&I
73%
$1,710
Property Taxes
6%
$141
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$585