This property looks like a bad Airbnb investment with a projected -16.44% first-year return on $84,549 initial cash invested.
-16.44%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$1,727
Rent
-$1,158
Cashflow
Cash Flow
$1,727 income − $2,885 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,549
Downpayment
20%
$63,380
Closing costs
1%
$3,169
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,727
Total Expenses
$2,885
Mortgage P&I
100%
$1,729
Property Taxes
13%
$216
Home Insurance
6%
$111
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432