This property looks like a bad Airbnb investment with a projected -13.63% first-year return on $88,665 initial cash invested.
-13.63%
Cash On Cash
2.86%
Cap Rate
0.47
DSCR
$2,243
Rent
-$1,007
Cashflow
Cash Flow
$2,243 income − $3,250 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,665
Downpayment
20%
$67,300
Closing costs
1%
$3,365
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,243
Total Expenses
$3,250
Mortgage P&I
77%
$1,718
Property Taxes
15%
$337
Home Insurance
5%
$118
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561