This property looks like a bad Airbnb investment with a projected -7.87% first-year return on $87,552 initial cash invested.
-7.87%
Cash On Cash
4.55%
Cap Rate
0.73
DSCR
$2,719
Rent
-$574
Cashflow
Cash Flow
$2,719 income − $3,293 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,552
Downpayment
20%
$66,240
Closing costs
1%
$3,312
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,719
Total Expenses
$3,293
Mortgage P&I
63%
$1,722
Property Taxes
5%
$148
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680