This property looks like a bad Airbnb investment with a projected -10.34% first-year return on $85,746 initial cash invested.
-10.34%
Cash On Cash
4%
Cap Rate
0.63
DSCR
$2,846
Rent
-$739
Cashflow
Cash Flow
$2,846 income − $3,585 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,746
Downpayment
20%
$64,520
Closing costs
1%
$3,226
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,846
Total Expenses
$3,585
Mortgage P&I
60%
$1,699
Property Taxes
13%
$367
Home Insurance
5%
$130
HOA
1%
$22
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712