This property looks like a bad Airbnb investment with a projected -17.1% first-year return on $86,250 initial cash invested.
-17.1%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$2,043
Rent
-$1,229
Cashflow
Cash Flow
$2,043 income − $3,272 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,250
Downpayment
20%
$65,000
Closing costs
1%
$3,250
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,043
Total Expenses
$3,272
Mortgage P&I
83%
$1,700
Property Taxes
23%
$477
Home Insurance
6%
$114
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$511