This property looks like a bad Airbnb investment with a projected -7.99% first-year return on $88,581 initial cash invested.
-7.99%
Cash On Cash
5.01%
Cap Rate
0.75
DSCR
$3,212
Rent
-$590
Cashflow
Cash Flow
$3,212 income − $3,802 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,581
Downpayment
20%
$67,220
Closing costs
1%
$3,361
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,212
Total Expenses
$3,802
Mortgage P&I
58%
$1,864
Property Taxes
9%
$278
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$803