This property looks like a bad Airbnb investment with a projected -16.93% first-year return on $87,090 initial cash invested.
-16.93%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$1,546
Rent
-$1,229
Cashflow
Cash Flow
$1,546 income − $2,775 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,546
Total Expenses
$2,775
Mortgage P&I
116%
$1,795
Property Taxes
8%
$120
Home Insurance
8%
$118
HOA
0%
$0
Property Management
15%
$232
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$386