This property looks like a bad Airbnb investment with a projected -5.98% first-year return on $84,066 initial cash invested.
-5.98%
Cash On Cash
5.21%
Cap Rate
0.82
DSCR
$3,070
Rent
-$419
Cashflow
Cash Flow
$3,070 income − $3,489 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,489
Mortgage P&I
54%
$1,662
Property Taxes
8%
$241
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768