This property looks like a bad Airbnb investment with a projected -8.87% first-year return on $85,200 initial cash invested.
-8.87%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,443
Rent
-$630
Cashflow
Cash Flow
$2,443 income − $3,073 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,443
Total Expenses
$3,073
Mortgage P&I
72%
$1,768
Property Taxes
0%
$4
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611