This property looks like a bad Airbnb investment with a projected -5.69% first-year return on $82,470 initial cash invested.
-5.69%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$3,000
Rent
-$391
Cashflow
Cash Flow
$3,000 income − $3,391 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,470
Downpayment
20%
$61,400
Closing costs
1%
$3,070
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,000
Total Expenses
$3,391
Mortgage P&I
56%
$1,675
Property Taxes
6%
$169
Home Insurance
4%
$107
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750