This property looks like a bad Airbnb investment with a projected -8.54% first-year return on $87,298 initial cash invested.
-8.54%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$3,468
Rent
-$621
Cashflow
Cash Flow
$3,468 income − $4,089 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,298
Downpayment
20%
$65,998
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$4,089
Mortgage P&I
49%
$1,698
Property Taxes
16%
$555
Home Insurance
3%
$116
HOA
2%
$55
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$867