This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $85,410 initial cash invested.
-13.47%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,027
Rent
-$959
Cashflow
Cash Flow
$2,027 income − $2,986 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,027
Total Expenses
$2,986
Mortgage P&I
82%
$1,654
Property Taxes
11%
$228
Home Insurance
6%
$131
HOA
0%
$0
Property Management
15%
$304
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$507