This property looks like a bad Airbnb investment with a projected -3.2% first-year return on $85,494 initial cash invested.
-3.2%
Cash On Cash
6.2%
Cap Rate
0.96
DSCR
$3,831
Rent
-$228
Cashflow
Cash Flow
$3,831 income − $4,059 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,831
Total Expenses
$4,059
Mortgage P&I
45%
$1,735
Property Taxes
6%
$224
Home Insurance
3%
$107
HOA
4%
$154
Property Management
15%
$575
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$958