This property looks like a bad Airbnb investment with a projected -15.13% first-year return on $87,216 initial cash invested.
-15.13%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,653
Rent
-$1,100
Cashflow
Cash Flow
$2,653 income − $3,753 expenses = $1,100 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,216
Downpayment
20%
$65,920
Closing costs
1%
$3,296
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,653
Total Expenses
$3,753
Mortgage P&I
63%
$1,679
Property Taxes
26%
$682
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663