This property looks like a bad Airbnb investment with a projected -10.41% first-year return on $85,410 initial cash invested.
-10.41%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,611
Rent
-$741
Cashflow
Cash Flow
$2,611 income − $3,352 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,611
Total Expenses
$3,352
Mortgage P&I
68%
$1,770
Property Taxes
8%
$200
Home Insurance
5%
$129
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$653