This property looks like a bad Airbnb investment with a projected -19.7% first-year return on $86,859 initial cash invested.
-19.7%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$1,650
Rent
-$1,426
Cashflow
Cash Flow
$1,650 income − $3,076 expenses = $1,426 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,859
Downpayment
20%
$65,580
Closing costs
1%
$3,279
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,650
Total Expenses
$3,076
Mortgage P&I
105%
$1,738
Property Taxes
26%
$430
Home Insurance
7%
$116
HOA
0%
$0
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412