This property looks like a bad Airbnb investment with a projected -17.39% first-year return on $86,250 initial cash invested.
-17.39%
Cash On Cash
2.4%
Cap Rate
0.36
DSCR
$2,394
Rent
-$1,250
Cashflow
Cash Flow
$2,394 income − $3,644 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,250
Downpayment
20%
$65,000
Closing costs
1%
$3,250
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$3,644
Mortgage P&I
75%
$1,805
Property Taxes
20%
$484
Home Insurance
5%
$114
HOA
4%
$92
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598