This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $87,279 initial cash invested.
-12.37%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$2,200
Rent
-$900
Cashflow
Cash Flow
$2,200 income − $3,100 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,279
Downpayment
20%
$65,980
Closing costs
1%
$3,299
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$3,100
Mortgage P&I
79%
$1,743
Property Taxes
8%
$185
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550