This property looks like a bad Airbnb investment with a projected -11.34% first-year return on $88,350 initial cash invested.
-11.34%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$3,014
Rent
-$835
Cashflow
Cash Flow
$3,014 income − $3,849 expenses = $835 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
$3,014
Total Expenses
$3,849
Mortgage P&I
57%
$1,724
Property Taxes
19%
$560
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754