This property looks like a bad Airbnb investment with a projected -11.44% first-year return on $85,767 initial cash invested.
-11.44%
Cash On Cash
4.16%
Cap Rate
0.61
DSCR
$2,500
Rent
-$818
Cashflow
Cash Flow
$2,500 income − $3,318 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,500
Total Expenses
$3,318
Mortgage P&I
74%
$1,838
Property Taxes
7%
$164
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$625