This property looks like a bad Airbnb investment with a projected -7.99% first-year return on $85,200 initial cash invested.
-7.99%
Cash On Cash
4.46%
Cap Rate
0.72
DSCR
$2,848
Rent
-$567
Cashflow
Cash Flow
$2,848 income − $3,415 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,848
Total Expenses
$3,415
Mortgage P&I
58%
$1,642
Property Taxes
10%
$294
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712