This property looks like a bad Airbnb investment with a projected -16.78% first-year return on $86,229 initial cash invested.
-16.78%
Cash On Cash
2.64%
Cap Rate
0.39
DSCR
$2,483
Rent
-$1,206
Cashflow
Cash Flow
$2,483 income − $3,689 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,229
Downpayment
20%
$64,980
Closing costs
1%
$3,249
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,483
Total Expenses
$3,689
Mortgage P&I
73%
$1,821
Property Taxes
23%
$563
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621