This property looks like a bad Airbnb investment with a projected -11.43% first-year return on $86,124 initial cash invested.
-11.43%
Cash On Cash
3.52%
Cap Rate
0.56
DSCR
$2,116
Rent
-$820
Cashflow
Cash Flow
$2,116 income − $2,936 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,124
Downpayment
20%
$64,880
Closing costs
1%
$3,244
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,116
Total Expenses
$2,936
Mortgage P&I
80%
$1,686
Property Taxes
5%
$116
Home Insurance
6%
$118
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$529