This property looks like a bad Airbnb investment with a projected -8.06% first-year return on $86,082 initial cash invested.
-8.06%
Cash On Cash
4.34%
Cap Rate
0.71
DSCR
$2,453
Rent
-$578
Cashflow
Cash Flow
$2,453 income − $3,031 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,082
Downpayment
20%
$64,840
Closing costs
1%
$3,242
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,453
Total Expenses
$3,031
Mortgage P&I
67%
$1,652
Property Taxes
0%
$8
Home Insurance
5%
$114
HOA
3%
$80
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$613