This property looks like a bad Airbnb investment with a projected -16.5% first-year return on $88,287 initial cash invested.
-16.5%
Cash On Cash
2.33%
Cap Rate
0.36
DSCR
$1,951
Rent
-$1,214
Cashflow
Cash Flow
$1,951 income − $3,165 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,287
Downpayment
20%
$66,940
Closing costs
1%
$3,347
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,951
Total Expenses
$3,165
Mortgage P&I
92%
$1,786
Property Taxes
17%
$328
Home Insurance
6%
$114
HOA
0%
$0
Property Management
15%
$293
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$488