This property looks like a bad Airbnb investment with a projected -3.91% first-year return on $88,329 initial cash invested.
-3.91%
Cash On Cash
5.69%
Cap Rate
0.93
DSCR
$4,012
Rent
-$288
Cashflow
Cash Flow
$4,012 income − $4,300 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,012
Total Expenses
$4,300
Mortgage P&I
43%
$1,717
Property Taxes
13%
$541
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$602
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,003