This property looks like a bad Airbnb investment with a projected -27.56% first-year return on $85,200 initial cash invested.
-27.56%
Cash On Cash
-0.48%
Cap Rate
-0.07
DSCR
$872
Rent
-$1,957
Cashflow
Cash Flow
$872 income − $2,829 expenses = $1,957 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$872
Total Expenses
$2,829
Mortgage P&I
206%
$1,793
Property Taxes
54%
$472
Home Insurance
13%
$112
HOA
4%
$33
Property Management
15%
$131
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$218