This property looks like a bad Airbnb investment with a projected -16.15% first-year return on $88,350 initial cash invested.
-16.15%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$2,080
Rent
-$1,189
Cashflow
Cash Flow
$2,080 income − $3,269 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,080
Total Expenses
$3,269
Mortgage P&I
89%
$1,848
Property Taxes
15%
$306
Home Insurance
6%
$117
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$520