This property looks like a bad Airbnb investment with a projected -7.47% first-year return on $87,258 initial cash invested.
-7.47%
Cash On Cash
4.57%
Cap Rate
0.75
DSCR
$3,128
Rent
-$543
Cashflow
Cash Flow
$3,128 income − $3,671 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,258
Downpayment
20%
$65,960
Closing costs
1%
$3,298
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,128
Total Expenses
$3,671
Mortgage P&I
54%
$1,675
Property Taxes
12%
$376
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782