This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $83,982 initial cash invested.
-8.6%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$3,080
Rent
-$602
Cashflow
Cash Flow
$3,080 income − $3,682 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,982
Downpayment
20%
$62,840
Closing costs
1%
$3,142
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,682
Mortgage P&I
55%
$1,697
Property Taxes
13%
$397
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770