This property looks like a bad Airbnb investment with a projected -5.17% first-year return on $85,200 initial cash invested.
-5.17%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$3,604
Rent
-$367
Cashflow
Cash Flow
$3,604 income − $3,971 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,604
Total Expenses
$3,971
Mortgage P&I
49%
$1,753
Property Taxes
8%
$282
Home Insurance
3%
$112
HOA
3%
$94
Property Management
15%
$541
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$901