This property looks like a bad Airbnb investment with a projected -15.65% first-year return on $84,570 initial cash invested.
-15.65%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,258
Rent
-$1,103
Cashflow
Cash Flow
$2,258 income − $3,361 expenses = $1,103 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,570
Downpayment
20%
$63,400
Closing costs
1%
$3,170
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,258
Total Expenses
$3,361
Mortgage P&I
77%
$1,741
Property Taxes
18%
$407
Home Insurance
5%
$112
HOA
1%
$18
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564