This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $85,200 initial cash invested.
-21.68%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$1,691
Rent
-$1,539
Cashflow
Cash Flow
$1,691 income − $3,230 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,691
Total Expenses
$3,230
Mortgage P&I
104%
$1,753
Property Taxes
33%
$552
Home Insurance
7%
$112
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423