This property looks like a bad Airbnb investment with a projected -10.63% first-year return on $87,300 initial cash invested.
-10.63%
Cash On Cash
3.81%
Cap Rate
0.61
DSCR
$2,682
Rent
-$773
Cashflow
Cash Flow
$2,682 income − $3,455 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,682
Total Expenses
$3,455
Mortgage P&I
64%
$1,713
Property Taxes
13%
$338
Home Insurance
4%
$118
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670