This property looks like a bad Airbnb investment with a projected -30.34% first-year return on $87,027 initial cash invested.
-30.34%
Cash On Cash
-1.32%
Cap Rate
-0.2
DSCR
$391
Rent
-$2,200
Cashflow
Cash Flow
$391 income − $2,591 expenses = $2,200 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,027
Downpayment
20%
$65,740
Closing costs
1%
$3,287
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$391
Total Expenses
$2,591
Mortgage P&I
466%
$1,822
Property Taxes
115%
$449
Home Insurance
34%
$131
HOA
0%
$0
Property Management
15%
$59
CapEx
4%
$16
Vacancy
0%
$0
Maintenance
4%
$16
Other
25%
$98