This property looks like a bad Airbnb investment with a projected -13.75% first-year return on $84,549 initial cash invested.
-13.75%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$2,243
Rent
-$969
Cashflow
Cash Flow
$2,243 income − $3,212 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,549
Downpayment
20%
$63,380
Closing costs
1%
$3,169
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,243
Total Expenses
$3,212
Mortgage P&I
73%
$1,627
Property Taxes
17%
$386
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561