This property looks like a bad Airbnb investment with a projected -10.45% first-year return on $87,489 initial cash invested.
-10.45%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$3,464
Rent
-$762
Cashflow
Cash Flow
$3,464 income − $4,226 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,489
Downpayment
20%
$66,180
Closing costs
1%
$3,309
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$4,226
Mortgage P&I
53%
$1,836
Property Taxes
18%
$609
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$866