This property looks like a bad Airbnb investment with a projected -12.84% first-year return on $87,783 initial cash invested.
-12.84%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$2,087
Rent
-$939
Cashflow
Cash Flow
$2,087 income − $3,026 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,783
Downpayment
20%
$66,460
Closing costs
1%
$3,323
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,087
Total Expenses
$3,026
Mortgage P&I
88%
$1,836
Property Taxes
3%
$70
Home Insurance
6%
$119
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$522