This property looks like a bad Airbnb investment with a projected -9.66% first-year return on $83,268 initial cash invested.
-9.66%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,561
Rent
-$670
Cashflow
Cash Flow
$2,561 income − $3,231 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,561
Total Expenses
$3,231
Mortgage P&I
67%
$1,717
Property Taxes
7%
$172
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640