This property looks like a bad Airbnb investment with a projected -27.71% first-year return on $85,410 initial cash invested.
-27.71%
Cash On Cash
-0.53%
Cap Rate
-0.08
DSCR
$1,180
Rent
-$1,972
Cashflow
Cash Flow
$1,180 income − $3,152 expenses = $1,972 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,180
Total Expenses
$3,152
Mortgage P&I
151%
$1,782
Property Taxes
58%
$690
Home Insurance
10%
$114
HOA
0%
$0
Property Management
15%
$177
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$295