This property looks like a bad Airbnb investment with a projected -13.8% first-year return on $88,350 initial cash invested.
-13.8%
Cash On Cash
3.51%
Cap Rate
0.51
DSCR
$2,152
Rent
-$1,016
Cashflow
Cash Flow
$2,152 income − $3,168 expenses = $1,016 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,152
Total Expenses
$3,168
Mortgage P&I
89%
$1,911
Property Taxes
5%
$107
Home Insurance
5%
$117
HOA
0%
$0
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538