This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $88,812 initial cash invested.
-11.71%
Cash On Cash
3.45%
Cap Rate
0.56
DSCR
$2,801
Rent
-$867
Cashflow
Cash Flow
$2,801 income − $3,668 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,801
Total Expenses
$3,668
Mortgage P&I
62%
$1,725
Property Taxes
16%
$450
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700