This property looks like a bad Airbnb investment with a projected -10.25% first-year return on $84,024 initial cash invested.
-10.25%
Cash On Cash
3.71%
Cap Rate
0.61
DSCR
$2,436
Rent
-$718
Cashflow
Cash Flow
$2,436 income − $3,154 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,436
Total Expenses
$3,154
Mortgage P&I
65%
$1,594
Property Taxes
12%
$287
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$609