This property looks like a bad Airbnb investment with a projected -10.29% first-year return on $85,095 initial cash invested.
-10.29%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$3,008
Rent
-$730
Cashflow
Cash Flow
$3,008 income − $3,738 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,095
Downpayment
20%
$63,900
Closing costs
1%
$3,195
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,008
Total Expenses
$3,738
Mortgage P&I
58%
$1,740
Property Taxes
15%
$447
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752