This property looks like a bad Airbnb investment with a projected -16.29% first-year return on $86,796 initial cash invested.
-16.29%
Cash On Cash
2.84%
Cap Rate
0.42
DSCR
$2,166
Rent
-$1,178
Cashflow
Cash Flow
$2,166 income − $3,344 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,796
Downpayment
20%
$65,520
Closing costs
1%
$3,276
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$3,344
Mortgage P&I
86%
$1,867
Property Taxes
15%
$320
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542