This property looks like a bad Airbnb investment with a projected -16.15% first-year return on $88,476 initial cash invested.
-16.15%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$2,112
Rent
-$1,191
Cashflow
Cash Flow
$2,112 income − $3,303 expenses = $1,191 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,476
Downpayment
20%
$67,120
Closing costs
1%
$3,356
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,112
Total Expenses
$3,303
Mortgage P&I
82%
$1,728
Property Taxes
21%
$443
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$528