This property looks like a bad Airbnb investment with a projected -12.07% first-year return on $88,560 initial cash invested.
-12.07%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$2,345
Rent
-$891
Cashflow
Cash Flow
$2,345 income − $3,236 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,560
Downpayment
20%
$67,200
Closing costs
1%
$3,360
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,345
Total Expenses
$3,236
Mortgage P&I
72%
$1,700
Property Taxes
10%
$241
Home Insurance
5%
$119
HOA
2%
$50
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586