This property looks like a bad Airbnb investment with a projected -16.77% first-year return on $83,856 initial cash invested.
-16.77%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$1,628
Rent
-$1,172
Cashflow
Cash Flow
$1,628 income − $2,800 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,856
Downpayment
20%
$62,720
Closing costs
1%
$3,136
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,628
Total Expenses
$2,800
Mortgage P&I
102%
$1,657
Property Taxes
15%
$250
Home Insurance
7%
$112
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$407