This property looks like a bad Airbnb investment with a projected -3.19% first-year return on $88,161 initial cash invested.
-3.19%
Cash On Cash
5.84%
Cap Rate
0.95
DSCR
$3,815
Rent
-$234
Cashflow
Cash Flow
$3,815 income − $4,049 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,161
Downpayment
20%
$66,820
Closing costs
1%
$3,341
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,815
Total Expenses
$4,049
Mortgage P&I
45%
$1,708
Property Taxes
10%
$392
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$954