This property looks like a bad Airbnb investment with a projected -4.43% first-year return on $83,247 initial cash invested.
-4.43%
Cash On Cash
5.55%
Cap Rate
0.9
DSCR
$3,543
Rent
-$307
Cashflow
Cash Flow
$3,543 income − $3,850 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,247
Downpayment
20%
$62,140
Closing costs
1%
$3,107
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$3,850
Mortgage P&I
45%
$1,602
Property Taxes
12%
$431
Home Insurance
3%
$116
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$886