This property looks like a bad Airbnb investment with a projected -13.58% first-year return on $84,150 initial cash invested.
-13.58%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$2,768
Rent
-$952
Cashflow
Cash Flow
$2,768 income − $3,720 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$3,720
Mortgage P&I
63%
$1,746
Property Taxes
19%
$520
Home Insurance
4%
$110
HOA
1%
$15
Property Management
15%
$415
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$692