This property looks like a bad Airbnb investment with a projected -10.22% first-year return on $84,150 initial cash invested.
-10.22%
Cash On Cash
3.97%
Cap Rate
0.64
DSCR
$3,028
Rent
-$717
Cashflow
Cash Flow
$3,028 income − $3,745 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,028
Total Expenses
$3,745
Mortgage P&I
54%
$1,638
Property Taxes
11%
$342
Home Insurance
4%
$110
HOA
7%
$202
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757