This property looks like a bad Airbnb investment with a projected -30.21% first-year return on $88,308 initial cash invested.
-30.21%
Cash On Cash
-1.52%
Cap Rate
-0.24
DSCR
$651
Rent
-$2,223
Cashflow
Cash Flow
$651 income − $2,874 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$651
Total Expenses
$2,874
Mortgage P&I
273%
$1,774
Property Taxes
92%
$598
Home Insurance
19%
$121
HOA
10%
$68
Property Management
15%
$98
CapEx
4%
$26
Vacancy
0%
$0
Maintenance
4%
$26
Other
25%
$163