This property looks like a bad Airbnb investment with a projected -12.35% first-year return on $85,578 initial cash invested.
-12.35%
Cash On Cash
3.35%
Cap Rate
0.54
DSCR
$3,051
Rent
-$881
Cashflow
Cash Flow
$3,051 income − $3,932 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,578
Downpayment
20%
$64,360
Closing costs
1%
$3,218
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$3,932
Mortgage P&I
54%
$1,657
Property Taxes
23%
$696
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$763