This property looks like a bad Airbnb investment with a projected -7.35% first-year return on $88,476 initial cash invested.
-7.35%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$3,702
Rent
-$542
Cashflow
Cash Flow
$3,702 income − $4,244 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,476
Downpayment
20%
$67,120
Closing costs
1%
$3,356
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,702
Total Expenses
$4,244
Mortgage P&I
50%
$1,868
Property Taxes
13%
$482
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$555
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$926