This property looks like a bad Airbnb investment with a projected -19.87% first-year return on $85,998 initial cash invested.
-19.87%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$2,284
Rent
-$1,424
Cashflow
Cash Flow
$2,284 income − $3,708 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,998
Downpayment
20%
$64,760
Closing costs
1%
$3,238
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,284
Total Expenses
$3,708
Mortgage P&I
79%
$1,798
Property Taxes
29%
$658
Home Insurance
5%
$116
HOA
2%
$40
Property Management
15%
$343
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$571