This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $88,350 initial cash invested.
-11.71%
Cash On Cash
3.39%
Cap Rate
0.55
DSCR
$2,397
Rent
-$862
Cashflow
Cash Flow
$2,397 income − $3,259 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,397
Total Expenses
$3,259
Mortgage P&I
71%
$1,712
Property Taxes
12%
$279
Home Insurance
5%
$117
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$599