This property looks like a bad Airbnb investment with a projected -15.95% first-year return on $88,350 initial cash invested.
-15.95%
Cash On Cash
2.41%
Cap Rate
0.38
DSCR
$1,609
Rent
-$1,174
Cashflow
Cash Flow
$1,609 income − $2,783 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,609
Total Expenses
$2,783
Mortgage P&I
111%
$1,783
Property Taxes
7%
$112
Home Insurance
7%
$117
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$402