This property looks like a bad Airbnb investment with a projected -14.34% first-year return on $84,591 initial cash invested.
-14.34%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$2,209
Rent
-$1,011
Cashflow
Cash Flow
$2,209 income − $3,220 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,209
Total Expenses
$3,220
Mortgage P&I
78%
$1,724
Property Taxes
15%
$325
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$331
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$552