This property looks like a bad Airbnb investment with a projected -8.05% first-year return on $88,350 initial cash invested.
-8.05%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$2,753
Rent
-$593
Cashflow
Cash Flow
$2,753 income − $3,346 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,753
Total Expenses
$3,346
Mortgage P&I
62%
$1,705
Property Taxes
7%
$203
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688