This property looks like a bad Airbnb investment with a projected -14.76% first-year return on $84,612 initial cash invested.
-14.76%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$2,204
Rent
-$1,041
Cashflow
Cash Flow
$2,204 income − $3,245 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,204
Total Expenses
$3,245
Mortgage P&I
74%
$1,635
Property Taxes
20%
$430
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$331
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$551