This property looks like a bad Airbnb investment with a projected -21.9% first-year return on $88,329 initial cash invested.
-21.9%
Cash On Cash
1.02%
Cap Rate
0.15
DSCR
$1,266
Rent
-$1,612
Cashflow
Cash Flow
$1,266 income − $2,878 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,266
Total Expenses
$2,878
Mortgage P&I
146%
$1,846
Property Taxes
24%
$307
Home Insurance
9%
$117
HOA
0%
$0
Property Management
15%
$190
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$316