This property looks like a bad Airbnb investment with a projected -18.42% first-year return on $88,350 initial cash invested.
-18.42%
Cash On Cash
2.19%
Cap Rate
0.32
DSCR
$1,694
Rent
-$1,356
Cashflow
Cash Flow
$1,694 income − $3,050 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,694
Total Expenses
$3,050
Mortgage P&I
112%
$1,898
Property Taxes
13%
$221
Home Insurance
7%
$117
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$424