This property looks like a bad Airbnb investment with a projected -8.35% first-year return on $83,919 initial cash invested.
-8.35%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$3,059
Rent
-$584
Cashflow
Cash Flow
$3,059 income − $3,643 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,059
Total Expenses
$3,643
Mortgage P&I
57%
$1,745
Property Taxes
10%
$302
Home Insurance
4%
$110
HOA
1%
$18
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765