This property looks like a bad Airbnb investment with a projected -8.31% first-year return on $87,552 initial cash invested.
-8.31%
Cash On Cash
4.57%
Cap Rate
0.71
DSCR
$2,511
Rent
-$606
Cashflow
Cash Flow
$2,511 income − $3,117 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,552
Downpayment
20%
$66,240
Closing costs
1%
$3,312
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,511
Total Expenses
$3,117
Mortgage P&I
70%
$1,767
Property Taxes
4%
$91
Home Insurance
2%
$54
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$628