This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $88,938 initial cash invested.
-21.68%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$1,767
Rent
-$1,607
Cashflow
Cash Flow
$1,767 income − $3,374 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,938
Downpayment
20%
$67,560
Closing costs
1%
$3,378
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,767
Total Expenses
$3,374
Mortgage P&I
106%
$1,876
Property Taxes
30%
$530
Home Insurance
7%
$119
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442