This property looks like a bad Airbnb investment with a projected -11.96% first-year return on $86,964 initial cash invested.
-11.96%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,478
Rent
-$867
Cashflow
Cash Flow
$2,478 income − $3,345 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,964
Downpayment
20%
$65,680
Closing costs
1%
$3,284
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$3,345
Mortgage P&I
73%
$1,818
Property Taxes
9%
$221
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620