This property looks like a bad Airbnb investment with a projected -12.79% first-year return on $85,263 initial cash invested.
-12.79%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,244
Rent
-$909
Cashflow
Cash Flow
$2,244 income − $3,153 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,263
Downpayment
20%
$64,060
Closing costs
1%
$3,203
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$3,153
Mortgage P&I
79%
$1,775
Property Taxes
8%
$186
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561