This property looks like a bad Airbnb investment with a projected -13.12% first-year return on $84,990 initial cash invested.
-13.12%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$1,892
Rent
-$929
Cashflow
Cash Flow
$1,892 income − $2,821 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,892
Total Expenses
$2,821
Mortgage P&I
89%
$1,687
Property Taxes
6%
$113
Home Insurance
6%
$112
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$473