This property looks like a bad Airbnb investment with a projected -15.26% first-year return on $83,814 initial cash invested.
-15.26%
Cash On Cash
2.44%
Cap Rate
0.39
DSCR
$2,215
Rent
-$1,066
Cashflow
Cash Flow
$2,215 income − $3,281 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,814
Downpayment
20%
$62,680
Closing costs
1%
$3,134
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,215
Total Expenses
$3,281
Mortgage P&I
73%
$1,613
Property Taxes
22%
$490
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554