This property looks like a bad Airbnb investment with a projected -18.58% first-year return on $84,150 initial cash invested.
-18.58%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$2,077
Rent
-$1,303
Cashflow
Cash Flow
$2,077 income − $3,380 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,077
Total Expenses
$3,380
Mortgage P&I
83%
$1,725
Property Taxes
26%
$548
Home Insurance
5%
$110
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$519