This property looks like a bad Airbnb investment with a projected -10.99% first-year return on $85,242 initial cash invested.
-10.99%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$3,152
Rent
-$781
Cashflow
Cash Flow
$3,152 income − $3,933 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,242
Downpayment
20%
$64,040
Closing costs
1%
$3,202
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,933
Mortgage P&I
55%
$1,720
Property Taxes
17%
$536
Home Insurance
4%
$122
HOA
1%
$42
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788