This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $87,298 initial cash invested.
-10.32%
Cash On Cash
3.82%
Cap Rate
0.62
DSCR
$2,759
Rent
-$751
Cashflow
Cash Flow
$2,759 income − $3,510 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,298
Downpayment
20%
$65,998
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,759
Total Expenses
$3,510
Mortgage P&I
61%
$1,692
Property Taxes
13%
$368
Home Insurance
4%
$116
HOA
0%
$10
Property Management
15%
$414
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$690