This property looks like a bad Airbnb investment with a projected -12.71% first-year return on $86,922 initial cash invested.
-12.71%
Cash On Cash
3.62%
Cap Rate
0.54
DSCR
$2,111
Rent
-$921
Cashflow
Cash Flow
$2,111 income − $3,032 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,922
Downpayment
20%
$65,640
Closing costs
1%
$3,282
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,111
Total Expenses
$3,032
Mortgage P&I
87%
$1,828
Property Taxes
4%
$74
Home Insurance
6%
$117
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$528