This property looks like a bad Airbnb investment with a projected -4.55% first-year return on $85,179 initial cash invested.
-4.55%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,902
Rent
-$323
Cashflow
Cash Flow
$2,902 income − $3,225 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$3,225
Mortgage P&I
56%
$1,623
Property Taxes
3%
$97
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726