This property looks like a bad Airbnb investment with a projected -21.05% first-year return on $86,040 initial cash invested.
-21.05%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$1,131
Rent
-$1,509
Cashflow
Cash Flow
$1,131 income − $2,640 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,131
Total Expenses
$2,640
Mortgage P&I
151%
$1,710
Property Taxes
24%
$274
Home Insurance
10%
$113
HOA
0%
$0
Property Management
15%
$170
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$283