This property looks like a bad Airbnb investment with a projected -10.81% first-year return on $84,129 initial cash invested.
-10.81%
Cash On Cash
3.72%
Cap Rate
0.6
DSCR
$2,915
Rent
-$758
Cashflow
Cash Flow
$2,915 income − $3,673 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,915
Total Expenses
$3,673
Mortgage P&I
55%
$1,617
Property Taxes
19%
$546
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$729