This property looks like a bad Airbnb investment with a projected -72.11% first-year return on $88,728 initial cash invested.
-72.11%
Cash On Cash
-12.41%
Cap Rate
-1.99
DSCR
$2,486
Rent
-$5,332
Cashflow
Cash Flow
$2,486 income − $7,818 expenses = $5,332 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,486
Total Expenses
$7,818
Mortgage P&I
70%
$1,749
Property Taxes
191%
$4,750
Home Insurance
5%
$122
HOA
0%
$4
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$622