This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $86,817 initial cash invested.
-14.31%
Cash On Cash
2.62%
Cap Rate
0.43
DSCR
$2,092
Rent
-$1,035
Cashflow
Cash Flow
$2,092 income − $3,127 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,817
Downpayment
20%
$65,540
Closing costs
1%
$3,277
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$3,127
Mortgage P&I
80%
$1,666
Property Taxes
17%
$352
Home Insurance
5%
$104
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523