This property looks like a bad Airbnb investment with a projected -16.23% first-year return on $85,704 initial cash invested.
-16.23%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$1,599
Rent
-$1,159
Cashflow
Cash Flow
$1,599 income − $2,758 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,704
Downpayment
20%
$64,480
Closing costs
1%
$3,224
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,599
Total Expenses
$2,758
Mortgage P&I
102%
$1,635
Property Taxes
15%
$239
Home Insurance
7%
$116
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400