This property looks like a bad Airbnb investment with a projected -5.56% first-year return on $84,192 initial cash invested.
-5.56%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$3,044
Rent
-$390
Cashflow
Cash Flow
$3,044 income − $3,434 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,192
Downpayment
20%
$63,040
Closing costs
1%
$3,152
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,434
Mortgage P&I
57%
$1,731
Property Taxes
4%
$126
Home Insurance
4%
$115
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761