This property looks like a bad Airbnb investment with a projected -15.22% first-year return on $84,822 initial cash invested.
-15.22%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,475
Rent
-$1,076
Cashflow
Cash Flow
$2,475 income − $3,551 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,822
Downpayment
20%
$63,640
Closing costs
1%
$3,182
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,475
Total Expenses
$3,551
Mortgage P&I
71%
$1,766
Property Taxes
19%
$467
Home Insurance
5%
$112
HOA
1%
$18
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619