This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $83,100 initial cash invested.
-14.31%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$1,717
Rent
-$991
Cashflow
Cash Flow
$1,717 income − $2,708 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,717
Total Expenses
$2,708
Mortgage P&I
99%
$1,699
Property Taxes
2%
$33
Home Insurance
6%
$108
HOA
3%
$43
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$429