This property looks like a bad Airbnb investment with a projected -8.17% first-year return on $85,200 initial cash invested.
-8.17%
Cash On Cash
5.09%
Cap Rate
0.75
DSCR
$3,410
Rent
-$580
Cashflow
Cash Flow
$3,410 income − $3,990 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$3,990
Mortgage P&I
53%
$1,801
Property Taxes
13%
$441
Home Insurance
3%
$112
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852