This property looks like a bad Airbnb investment with a projected -16.4% first-year return on $88,560 initial cash invested.
-16.4%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$2,068
Rent
-$1,210
Cashflow
Cash Flow
$2,068 income − $3,278 expenses = $1,210 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,068
Total Expenses
$3,278
Mortgage P&I
88%
$1,812
Property Taxes
17%
$354
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$517