This property looks like a bad Airbnb investment with a projected -13.74% first-year return on $84,990 initial cash invested.
-13.74%
Cash On Cash
3.4%
Cap Rate
0.5
DSCR
$1,830
Rent
-$973
Cashflow
Cash Flow
$1,830 income − $2,803 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,830
Total Expenses
$2,803
Mortgage P&I
99%
$1,805
Property Taxes
0%
$8
Home Insurance
6%
$112
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$458