This property looks like a bad Airbnb investment with a projected -14.79% first-year return on $82,449 initial cash invested.
-14.79%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$2,368
Rent
-$1,016
Cashflow
Cash Flow
$2,368 income − $3,384 expenses = $1,016 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,449
Downpayment
20%
$61,380
Closing costs
1%
$3,069
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,368
Total Expenses
$3,384
Mortgage P&I
70%
$1,663
Property Taxes
20%
$464
Home Insurance
5%
$110
HOA
0%
$10
Property Management
15%
$355
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592