This property looks like a bad Airbnb investment with a projected -14.67% first-year return on $88,350 initial cash invested.
-14.67%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$1,781
Rent
-$1,080
Cashflow
Cash Flow
$1,781 income − $2,861 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,781
Total Expenses
$2,861
Mortgage P&I
97%
$1,732
Property Taxes
9%
$158
Home Insurance
7%
$117
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$445