This property looks like a bad Airbnb investment with a projected -14.14% first-year return on $86,796 initial cash invested.
-14.14%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$2,658
Rent
-$1,023
Cashflow
Cash Flow
$2,658 income − $3,681 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,796
Downpayment
20%
$65,520
Closing costs
1%
$3,276
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$3,681
Mortgage P&I
68%
$1,799
Property Taxes
11%
$303
Home Insurance
4%
$110
HOA
7%
$194
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664