This property looks like a bad Airbnb investment with a projected -5.69% first-year return on $83,898 initial cash invested.
-5.69%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$3,014
Rent
-$398
Cashflow
Cash Flow
$3,014 income − $3,412 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,898
Downpayment
20%
$62,760
Closing costs
1%
$3,138
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$3,412
Mortgage P&I
57%
$1,729
Property Taxes
4%
$125
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754