This property looks like a bad Airbnb investment with a projected -19.15% first-year return on $85,620 initial cash invested.
-19.15%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$2,020
Rent
-$1,366
Cashflow
Cash Flow
$2,020 income − $3,386 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,020
Total Expenses
$3,386
Mortgage P&I
89%
$1,788
Property Taxes
26%
$515
Home Insurance
6%
$113
HOA
0%
$0
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$505