This property looks like a bad Airbnb investment with a projected -12.97% first-year return on $86,523 initial cash invested.
-12.97%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$2,608
Rent
-$935
Cashflow
Cash Flow
$2,608 income − $3,543 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,523
Downpayment
20%
$65,260
Closing costs
1%
$3,263
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$3,543
Mortgage P&I
65%
$1,708
Property Taxes
18%
$468
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652