This property looks like a bad Airbnb investment with a projected -15.87% first-year return on $86,901 initial cash invested.
-15.87%
Cash On Cash
2.9%
Cap Rate
0.43
DSCR
$2,699
Rent
-$1,149
Cashflow
Cash Flow
$2,699 income − $3,848 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,901
Downpayment
20%
$65,620
Closing costs
1%
$3,281
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,699
Total Expenses
$3,848
Mortgage P&I
68%
$1,833
Property Taxes
21%
$563
Home Insurance
4%
$116
HOA
1%
$40
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$675