This property looks like a bad Airbnb investment with a projected -13.46% first-year return on $87,300 initial cash invested.
-13.46%
Cash On Cash
2.78%
Cap Rate
0.46
DSCR
$2,278
Rent
-$979
Cashflow
Cash Flow
$2,278 income − $3,257 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$3,257
Mortgage P&I
73%
$1,652
Property Taxes
17%
$395
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570