This property looks like a bad Airbnb investment with a projected -10.91% first-year return on $85,872 initial cash invested.
-10.91%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$2,403
Rent
-$781
Cashflow
Cash Flow
$2,403 income − $3,184 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,872
Downpayment
20%
$64,640
Closing costs
1%
$3,232
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$3,184
Mortgage P&I
72%
$1,720
Property Taxes
9%
$206
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601