This property looks like a bad Airbnb investment with a projected -21.89% first-year return on $85,179 initial cash invested.
-21.89%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$1,349
Rent
-$1,554
Cashflow
Cash Flow
$1,349 income − $2,903 expenses = $1,554 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,349
Total Expenses
$2,903
Mortgage P&I
132%
$1,776
Property Taxes
27%
$368
Home Insurance
8%
$112
HOA
0%
$0
Property Management
15%
$202
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$337