This property looks like a bad Airbnb investment with a projected -9.29% first-year return on $87,447 initial cash invested.
-9.29%
Cash On Cash
4.1%
Cap Rate
0.66
DSCR
$2,670
Rent
-$677
Cashflow
Cash Flow
$2,670 income − $3,347 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,447
Downpayment
20%
$66,140
Closing costs
1%
$3,307
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$3,347
Mortgage P&I
64%
$1,700
Property Taxes
9%
$248
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668