This property looks like a bad Airbnb investment with a projected -12.42% first-year return on $87,699 initial cash invested.
-12.42%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$2,180
Rent
-$908
Cashflow
Cash Flow
$2,180 income − $3,088 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,699
Downpayment
20%
$66,380
Closing costs
1%
$3,319
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,180
Total Expenses
$3,088
Mortgage P&I
82%
$1,795
Property Taxes
6%
$130
Home Insurance
5%
$117
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$545