This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $88,728 initial cash invested.
-18.07%
Cash On Cash
2.21%
Cap Rate
0.33
DSCR
$1,959
Rent
-$1,336
Cashflow
Cash Flow
$1,959 income − $3,295 expenses = $1,336 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,728
Downpayment
20%
$67,360
Closing costs
1%
$3,368
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,959
Total Expenses
$3,295
Mortgage P&I
96%
$1,877
Property Taxes
20%
$385
Home Insurance
5%
$93
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490