This property looks like a bad Airbnb investment with a projected -7.41% first-year return on $87,237 initial cash invested.
-7.41%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$3,068
Rent
-$539
Cashflow
Cash Flow
$3,068 income − $3,607 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,237
Downpayment
20%
$65,940
Closing costs
1%
$3,297
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,068
Total Expenses
$3,607
Mortgage P&I
57%
$1,760
Property Taxes
8%
$250
Home Insurance
4%
$124
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$767