This property looks like a bad Airbnb investment with a projected -10.99% first-year return on $86,040 initial cash invested.
-10.99%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$3,074
Rent
-$788
Cashflow
Cash Flow
$3,074 income − $3,862 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,074
Total Expenses
$3,862
Mortgage P&I
58%
$1,768
Property Taxes
17%
$511
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768