This property looks like a bad Airbnb investment with a projected -13.77% first-year return on $82,365 initial cash invested.
-13.77%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$1,725
Rent
-$945
Cashflow
Cash Flow
$1,725 income − $2,670 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,725
Total Expenses
$2,670
Mortgage P&I
89%
$1,540
Property Taxes
8%
$146
Home Insurance
6%
$108
HOA
3%
$48
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$431