This property looks like a bad Airbnb investment with a projected -2.46% first-year return on $83,436 initial cash invested.
-2.46%
Cash On Cash
6.33%
Cap Rate
0.98
DSCR
$3,462
Rent
-$171
Cashflow
Cash Flow
$3,462 income − $3,633 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$3,633
Mortgage P&I
48%
$1,677
Property Taxes
4%
$140
Home Insurance
3%
$105
HOA
1%
$50
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$866