This property looks like a bad Airbnb investment with a projected -19.08% first-year return on $88,350 initial cash invested.
-19.08%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$1,551
Rent
-$1,405
Cashflow
Cash Flow
$1,551 income − $2,956 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,551
Total Expenses
$2,956
Mortgage P&I
119%
$1,853
Property Taxes
16%
$241
Home Insurance
8%
$117
HOA
0%
$0
Property Management
15%
$233
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$388