This property looks like a bad Airbnb investment with a projected -12.83% first-year return on $85,977 initial cash invested.
-12.83%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,344
Rent
-$919
Cashflow
Cash Flow
$2,344 income − $3,263 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,977
Downpayment
20%
$64,740
Closing costs
1%
$3,237
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,344
Total Expenses
$3,263
Mortgage P&I
74%
$1,745
Property Taxes
12%
$284
Home Insurance
5%
$108
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586