This property looks like a bad Airbnb investment with a projected -4.87% first-year return on $87,804 initial cash invested.
-4.87%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$3,378
Rent
-$356
Cashflow
Cash Flow
$3,378 income − $3,734 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,804
Downpayment
20%
$66,480
Closing costs
1%
$3,324
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,378
Total Expenses
$3,734
Mortgage P&I
54%
$1,832
Property Taxes
5%
$162
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$844