This property looks like a bad Airbnb investment with a projected -12.24% first-year return on $89,043 initial cash invested.
-12.24%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,271
Rent
-$908
Cashflow
Cash Flow
$2,271 income − $3,179 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,271
Total Expenses
$3,179
Mortgage P&I
82%
$1,853
Property Taxes
5%
$114
Home Insurance
5%
$121
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$568