This property looks like a bad Airbnb investment with a projected -10.64% first-year return on $88,644 initial cash invested.
-10.64%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,268
Rent
-$786
Cashflow
Cash Flow
$2,268 income − $3,054 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,644
Downpayment
20%
$67,280
Closing costs
1%
$3,364
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,268
Total Expenses
$3,054
Mortgage P&I
76%
$1,730
Property Taxes
5%
$116
Home Insurance
5%
$119
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567