This property looks like a bad Airbnb investment with a projected -11.93% first-year return on $85,767 initial cash invested.
-11.93%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,210
Rent
-$853
Cashflow
Cash Flow
$2,210 income − $3,063 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,210
Total Expenses
$3,063
Mortgage P&I
81%
$1,784
Property Taxes
5%
$102
Home Insurance
5%
$117
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$552