This property looks like a bad Airbnb investment with a projected -6.24% first-year return on $88,140 initial cash invested.
-6.24%
Cash On Cash
5.06%
Cap Rate
0.81
DSCR
$3,027
Rent
-$458
Cashflow
Cash Flow
$3,027 income − $3,485 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,140
Downpayment
20%
$66,800
Closing costs
1%
$3,340
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$3,485
Mortgage P&I
58%
$1,744
Property Taxes
5%
$155
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757