This property looks like a bad Airbnb investment with a projected -16.73% first-year return on $83,709 initial cash invested.
-16.73%
Cash On Cash
1.93%
Cap Rate
0.31
DSCR
$1,753
Rent
-$1,167
Cashflow
Cash Flow
$1,753 income − $2,920 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,753
Total Expenses
$2,920
Mortgage P&I
91%
$1,601
Property Taxes
21%
$368
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438