This property looks like a bad Airbnb investment with a projected -3.66% first-year return on $85,557 initial cash invested.
-3.66%
Cash On Cash
5.83%
Cap Rate
0.94
DSCR
$3,985
Rent
-$261
Cashflow
Cash Flow
$3,985 income − $4,246 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,557
Downpayment
20%
$64,340
Closing costs
1%
$3,217
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,985
Total Expenses
$4,246
Mortgage P&I
42%
$1,666
Property Taxes
14%
$540
Home Insurance
3%
$128
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996