This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $88,308 initial cash invested.
-12.38%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,163
Rent
-$911
Cashflow
Cash Flow
$2,163 income − $3,074 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,163
Total Expenses
$3,074
Mortgage P&I
83%
$1,799
Property Taxes
6%
$120
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$541