This property looks like a bad Airbnb investment with a projected -9% first-year return on $88,224 initial cash invested.
-9%
Cash On Cash
4.27%
Cap Rate
0.69
DSCR
$2,886
Rent
-$662
Cashflow
Cash Flow
$2,886 income − $3,548 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,224
Downpayment
20%
$66,880
Closing costs
1%
$3,344
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,886
Total Expenses
$3,548
Mortgage P&I
60%
$1,737
Property Taxes
11%
$304
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$722