This property looks like a bad Airbnb investment with a projected -9.51% first-year return on $85,179 initial cash invested.
-9.51%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$2,465
Rent
-$675
Cashflow
Cash Flow
$2,465 income − $3,140 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$3,140
Mortgage P&I
71%
$1,757
Property Taxes
4%
$87
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616