This property looks like a bad Airbnb investment with a projected -8.21% first-year return on $82,848 initial cash invested.
-8.21%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$3,275
Rent
-$567
Cashflow
Cash Flow
$3,275 income − $3,842 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,848
Downpayment
20%
$61,760
Closing costs
1%
$3,088
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,275
Total Expenses
$3,842
Mortgage P&I
51%
$1,675
Property Taxes
14%
$450
Home Insurance
4%
$145
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819