This property looks like a bad Airbnb investment with a projected -12.3% first-year return on $86,229 initial cash invested.
-12.3%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$2,090
Rent
-$884
Cashflow
Cash Flow
$2,090 income − $2,974 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,229
Downpayment
20%
$64,980
Closing costs
1%
$3,249
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,090
Total Expenses
$2,974
Mortgage P&I
81%
$1,694
Property Taxes
8%
$162
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$522