This property looks like a bad Airbnb investment with a projected -13.82% first-year return on $89,064 initial cash invested.
-13.82%
Cash On Cash
2.93%
Cap Rate
0.47
DSCR
$2,682
Rent
-$1,026
Cashflow
Cash Flow
$2,682 income − $3,708 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,064
Downpayment
20%
$67,680
Closing costs
1%
$3,384
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,682
Total Expenses
$3,708
Mortgage P&I
65%
$1,744
Property Taxes
21%
$568
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670