This property looks like a bad Airbnb investment with a projected -10.9% first-year return on $83,090 initial cash invested.
-10.9%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$1,900
Rent
-$755
Cashflow
Cash Flow
$1,900 income − $2,655 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,090
Downpayment
20%
$61,990
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,900
Total Expenses
$2,655
Mortgage P&I
83%
$1,575
Property Taxes
3%
$60
Home Insurance
6%
$108
HOA
0%
$0
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$475