This property looks like a bad Airbnb investment with a projected -12.36% first-year return on $86,523 initial cash invested.
-12.36%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,370
Rent
-$891
Cashflow
Cash Flow
$2,370 income − $3,261 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,523
Downpayment
20%
$65,260
Closing costs
1%
$3,263
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,370
Total Expenses
$3,261
Mortgage P&I
75%
$1,789
Property Taxes
8%
$189
Home Insurance
6%
$145
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592