This property looks like a bad Airbnb investment with a projected -5.29% first-year return on $84,234 initial cash invested.
-5.29%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$2,929
Rent
-$371
Cashflow
Cash Flow
$2,929 income − $3,300 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,929
Total Expenses
$3,300
Mortgage P&I
55%
$1,599
Property Taxes
6%
$184
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732