This property looks like a bad Airbnb investment with a projected -3.74% first-year return on $88,203 initial cash invested.
-3.74%
Cash On Cash
5.9%
Cap Rate
0.93
DSCR
$3,751
Rent
-$275
Cashflow
Cash Flow
$3,751 income − $4,026 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,203
Downpayment
20%
$66,860
Closing costs
1%
$3,343
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,751
Total Expenses
$4,026
Mortgage P&I
47%
$1,768
Property Taxes
8%
$309
Home Insurance
3%
$119
HOA
1%
$29
Property Management
15%
$563
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938