This property looks like a bad Airbnb investment with a projected -21.25% first-year return on $84,822 initial cash invested.
-21.25%
Cash On Cash
1.43%
Cap Rate
0.21
DSCR
$1,169
Rent
-$1,502
Cashflow
Cash Flow
$1,169 income − $2,671 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,822
Downpayment
20%
$63,640
Closing costs
1%
$3,182
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,169
Total Expenses
$2,671
Mortgage P&I
157%
$1,834
Property Taxes
14%
$160
Home Insurance
10%
$116
HOA
0%
$0
Property Management
15%
$175
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$292