This property looks like a bad Airbnb investment with a projected -5.09% first-year return on $85,767 initial cash invested.
-5.09%
Cash On Cash
5.29%
Cap Rate
0.85
DSCR
$2,970
Rent
-$364
Cashflow
Cash Flow
$2,970 income − $3,334 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,334
Mortgage P&I
56%
$1,668
Property Taxes
3%
$93
Home Insurance
4%
$117
HOA
1%
$30
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742