This property looks like a bad Airbnb investment with a projected -15.67% first-year return on $85,746 initial cash invested.
-15.67%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,409
Rent
-$1,120
Cashflow
Cash Flow
$2,409 income − $3,529 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,746
Downpayment
20%
$64,520
Closing costs
1%
$3,226
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$3,529
Mortgage P&I
74%
$1,782
Property Taxes
17%
$421
Home Insurance
5%
$116
HOA
2%
$55
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602