This property looks like a bad Airbnb investment with a projected -4.25% first-year return on $88,329 initial cash invested.
-4.25%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$3,684
Rent
-$313
Cashflow
Cash Flow
$3,684 income − $3,997 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,684
Total Expenses
$3,997
Mortgage P&I
50%
$1,850
Property Taxes
7%
$260
Home Insurance
3%
$119
HOA
0%
$0
Property Management
15%
$553
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$921