This property looks like a bad Airbnb investment with a projected -3.89% first-year return on $83,373 initial cash invested.
-3.89%
Cash On Cash
5.6%
Cap Rate
0.91
DSCR
$3,028
Rent
-$270
Cashflow
Cash Flow
$3,028 income − $3,298 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,028
Total Expenses
$3,298
Mortgage P&I
53%
$1,603
Property Taxes
4%
$130
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757