This property looks like a bad Airbnb investment with a projected -16.17% first-year return on $88,329 initial cash invested.
-16.17%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$2,661
Rent
-$1,190
Cashflow
Cash Flow
$2,661 income − $3,851 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,851
Mortgage P&I
65%
$1,730
Property Taxes
27%
$728
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665