This property looks like a bad Airbnb investment with a projected -18.89% first-year return on $86,502 initial cash invested.
-18.89%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$1,599
Rent
-$1,362
Cashflow
Cash Flow
$1,599 income − $2,961 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,502
Downpayment
20%
$65,240
Closing costs
1%
$3,262
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,599
Total Expenses
$2,961
Mortgage P&I
111%
$1,776
Property Taxes
15%
$242
Home Insurance
7%
$108
HOA
4%
$67
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400