This property looks like a bad Airbnb investment with a projected -17.1% first-year return on $85,053 initial cash invested.
-17.1%
Cash On Cash
1.94%
Cap Rate
0.31
DSCR
$2,256
Rent
-$1,212
Cashflow
Cash Flow
$2,256 income − $3,468 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,053
Downpayment
20%
$63,860
Closing costs
1%
$3,193
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,256
Total Expenses
$3,468
Mortgage P&I
73%
$1,637
Property Taxes
27%
$614
Home Insurance
5%
$114
HOA
1%
$21
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564