This property looks like a bad Airbnb investment with a projected -10.38% first-year return on $88,350 initial cash invested.
-10.38%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$2,652
Rent
-$764
Cashflow
Cash Flow
$2,652 income − $3,416 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,652
Total Expenses
$3,416
Mortgage P&I
68%
$1,815
Property Taxes
8%
$207
Home Insurance
4%
$111
HOA
0%
$10
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663