This property looks like a bad Airbnb investment with a projected -14.8% first-year return on $85,956 initial cash invested.
-14.8%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$1,912
Rent
-$1,060
Cashflow
Cash Flow
$1,912 income − $2,972 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,912
Total Expenses
$2,972
Mortgage P&I
94%
$1,789
Property Taxes
8%
$150
Home Insurance
6%
$116
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$478