This property looks like a bad Airbnb investment with a projected -14.49% first-year return on $85,032 initial cash invested.
-14.49%
Cash On Cash
3.27%
Cap Rate
0.48
DSCR
$2,444
Rent
-$1,027
Cashflow
Cash Flow
$2,444 income − $3,471 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,032
Downpayment
20%
$63,840
Closing costs
1%
$3,192
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$3,471
Mortgage P&I
74%
$1,798
Property Taxes
16%
$387
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611