This property looks like a bad Airbnb investment with a projected -15.61% first-year return on $85,956 initial cash invested.
-15.61%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$2,244
Rent
-$1,118
Cashflow
Cash Flow
$2,244 income − $3,362 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$3,362
Mortgage P&I
80%
$1,791
Property Taxes
17%
$378
Home Insurance
5%
$115
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561