This property looks like a bad Airbnb investment with a projected -14.93% first-year return on $87,426 initial cash invested.
-14.93%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$1,623
Rent
-$1,088
Cashflow
Cash Flow
$1,623 income − $2,711 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,426
Downpayment
20%
$66,120
Closing costs
1%
$3,306
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,623
Total Expenses
$2,711
Mortgage P&I
105%
$1,703
Property Taxes
7%
$110
Home Insurance
7%
$119
HOA
0%
$0
Property Management
15%
$243
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406