This property looks like a bad Airbnb investment with a projected -17.95% first-year return on $86,460 initial cash invested.
-17.95%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$1,579
Rent
-$1,293
Cashflow
Cash Flow
$1,579 income − $2,872 expenses = $1,293 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,460
Downpayment
20%
$65,200
Closing costs
1%
$3,260
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,579
Total Expenses
$2,872
Mortgage P&I
113%
$1,779
Property Taxes
14%
$219
Home Insurance
7%
$116
HOA
0%
$0
Property Management
15%
$237
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$395