This property looks like a bad Airbnb investment with a projected -3.46% first-year return on $88,791 initial cash invested.
-3.46%
Cash On Cash
5.71%
Cap Rate
0.93
DSCR
$3,224
Rent
-$256
Cashflow
Cash Flow
$3,224 income − $3,480 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,791
Downpayment
20%
$67,420
Closing costs
1%
$3,371
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,224
Total Expenses
$3,480
Mortgage P&I
54%
$1,731
Property Taxes
2%
$79
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$806