This property looks like a bad Airbnb investment with a projected -9.43% first-year return on $87,258 initial cash invested.
-9.43%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$2,863
Rent
-$686
Cashflow
Cash Flow
$2,863 income − $3,549 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,258
Downpayment
20%
$65,960
Closing costs
1%
$3,298
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,863
Total Expenses
$3,549
Mortgage P&I
63%
$1,806
Property Taxes
8%
$235
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$429
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$716