This property looks like a bad Airbnb investment with a projected -18.34% first-year return on $87,027 initial cash invested.
-18.34%
Cash On Cash
1.98%
Cap Rate
0.3
DSCR
$1,760
Rent
-$1,330
Cashflow
Cash Flow
$1,760 income − $3,090 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,760
Total Expenses
$3,090
Mortgage P&I
102%
$1,802
Property Taxes
18%
$313
Home Insurance
7%
$131
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$440