This property looks like a bad Airbnb investment with a projected -14.44% first-year return on $87,342 initial cash invested.
-14.44%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,391
Rent
-$1,051
Cashflow
Cash Flow
$2,391 income − $3,442 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,342
Downpayment
20%
$66,040
Closing costs
1%
$3,302
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$3,442
Mortgage P&I
75%
$1,804
Property Taxes
15%
$370
Home Insurance
5%
$119
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598