This property looks like a bad Airbnb investment with a projected -16.84% first-year return on $87,636 initial cash invested.
-16.84%
Cash On Cash
2.08%
Cap Rate
0.33
DSCR
$1,992
Rent
-$1,230
Cashflow
Cash Flow
$1,992 income − $3,222 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,636
Downpayment
20%
$66,320
Closing costs
1%
$3,316
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,992
Total Expenses
$3,222
Mortgage P&I
87%
$1,724
Property Taxes
17%
$339
Home Insurance
6%
$119
HOA
4%
$83
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498