This property looks like a bad Airbnb investment with a projected -13.99% first-year return on $85,263 initial cash invested.
-13.99%
Cash On Cash
2.9%
Cap Rate
0.46
DSCR
$1,726
Rent
-$994
Cashflow
Cash Flow
$1,726 income − $2,720 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,263
Downpayment
20%
$64,060
Closing costs
1%
$3,203
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,726
Total Expenses
$2,720
Mortgage P&I
98%
$1,698
Property Taxes
4%
$63
Home Insurance
8%
$130
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432