This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $87,300 initial cash invested.
-9.76%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$2,399
Rent
-$710
Cashflow
Cash Flow
$2,399 income − $3,109 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,399
Total Expenses
$3,109
Mortgage P&I
70%
$1,674
Property Taxes
7%
$167
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600