This property looks like a bad Airbnb investment with a projected -12.89% first-year return on $88,161 initial cash invested.
-12.89%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$2,108
Rent
-$947
Cashflow
Cash Flow
$2,108 income − $3,055 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,161
Downpayment
20%
$66,820
Closing costs
1%
$3,341
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,108
Total Expenses
$3,055
Mortgage P&I
80%
$1,694
Property Taxes
11%
$224
Home Insurance
6%
$126
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527