This property looks like a bad Airbnb investment with a projected -9.37% first-year return on $87,195 initial cash invested.
-9.37%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$2,987
Rent
-$681
Cashflow
Cash Flow
$2,987 income − $3,668 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,987
Total Expenses
$3,668
Mortgage P&I
56%
$1,679
Property Taxes
15%
$437
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$747