This property looks like a bad Airbnb investment with a projected -5.68% first-year return on $83,100 initial cash invested.
-5.68%
Cash On Cash
5.02%
Cap Rate
0.82
DSCR
$2,790
Rent
-$393
Cashflow
Cash Flow
$2,790 income − $3,183 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,790
Total Expenses
$3,183
Mortgage P&I
57%
$1,579
Property Taxes
6%
$156
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$418
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$698