This property looks like a bad Airbnb investment with a projected -6.42% first-year return on $85,242 initial cash invested.
-6.42%
Cash On Cash
4.91%
Cap Rate
0.79
DSCR
$2,916
Rent
-$456
Cashflow
Cash Flow
$2,916 income − $3,372 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,242
Downpayment
20%
$64,040
Closing costs
1%
$3,202
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,372
Mortgage P&I
57%
$1,648
Property Taxes
7%
$210
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$729