This property looks like a bad Airbnb investment with a projected -14.56% first-year return on $87,510 initial cash invested.
-14.56%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$2,322
Rent
-$1,062
Cashflow
Cash Flow
$2,322 income − $3,384 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$3,384
Mortgage P&I
77%
$1,781
Property Taxes
15%
$351
Home Insurance
6%
$138
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580