This property looks like a bad Airbnb investment with a projected -28.29% first-year return on $89,064 initial cash invested.
-28.29%
Cash On Cash
-0.8%
Cap Rate
-0.12
DSCR
$443
Rent
-$2,100
Cashflow
Cash Flow
$443 income − $2,543 expenses = $2,100 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
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
$443
Total Expenses
$2,543
Mortgage P&I
419%
$1,857
Property Taxes
80%
$354
Home Insurance
27%
$119
HOA
0%
$0
Property Management
15%
$66
CapEx
4%
$18
Vacancy
0%
$0
Maintenance
4%
$18
Other
25%
$111