This property looks like a bad Airbnb investment with a projected -4.19% first-year return on $85,851 initial cash invested.
-4.19%
Cash On Cash
5.62%
Cap Rate
0.91
DSCR
$3,656
Rent
-$300
Cashflow
Cash Flow
$3,656 income − $3,956 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,851
Downpayment
20%
$64,620
Closing costs
1%
$3,231
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,656
Total Expenses
$3,956
Mortgage P&I
46%
$1,667
Property Taxes
11%
$420
Home Insurance
3%
$115
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914