This property looks like a bad Airbnb investment with a projected -7.26% first-year return on $88,791 initial cash invested.
-7.26%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$3,375
Rent
-$537
Cashflow
Cash Flow
$3,375 income − $3,912 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,791
Downpayment
20%
$67,420
Closing costs
1%
$3,371
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,375
Total Expenses
$3,912
Mortgage P&I
51%
$1,723
Property Taxes
14%
$458
Home Insurance
3%
$111
HOA
0%
$0
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$844