This property looks like a bad Airbnb investment with a projected -11.47% first-year return on $88,434 initial cash invested.
-11.47%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$2,484
Rent
-$845
Cashflow
Cash Flow
$2,484 income − $3,329 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,434
Downpayment
20%
$67,080
Closing costs
1%
$3,354
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$3,329
Mortgage P&I
69%
$1,712
Property Taxes
12%
$303
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621