This property looks like a bad Airbnb investment with a projected -18.53% first-year return on $85,620 initial cash invested.
-18.53%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$1,771
Rent
-$1,322
Cashflow
Cash Flow
$1,771 income − $3,093 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,771
Total Expenses
$3,093
Mortgage P&I
102%
$1,801
Property Taxes
19%
$331
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$266
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$443