This property looks like a bad Airbnb investment with a projected -7.82% first-year return on $86,124 initial cash invested.
-7.82%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$3,315
Rent
-$561
Cashflow
Cash Flow
$3,315 income − $3,876 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,124
Downpayment
20%
$64,880
Closing costs
1%
$3,244
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$3,876
Mortgage P&I
54%
$1,789
Property Taxes
9%
$313
Home Insurance
4%
$119
HOA
2%
$63
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$829