This property looks like a bad Airbnb investment with a projected -8.23% first-year return on $85,914 initial cash invested.
-8.23%
Cash On Cash
4.43%
Cap Rate
0.71
DSCR
$2,629
Rent
-$589
Cashflow
Cash Flow
$2,629 income − $3,218 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,914
Downpayment
20%
$64,680
Closing costs
1%
$3,234
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,629
Total Expenses
$3,218
Mortgage P&I
64%
$1,678
Property Taxes
6%
$155
Home Insurance
4%
$116
HOA
0%
$8
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$657