This property looks like a bad Airbnb investment with a projected -10.55% first-year return on $82,365 initial cash invested.
-10.55%
Cash On Cash
4.34%
Cap Rate
0.64
DSCR
$2,331
Rent
-$724
Cashflow
Cash Flow
$2,331 income − $3,055 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,365
Downpayment
20%
$61,300
Closing costs
1%
$3,065
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,055
Mortgage P&I
75%
$1,739
Property Taxes
4%
$85
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583