This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $82,764 initial cash invested.
-13.01%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$2,375
Rent
-$897
Cashflow
Cash Flow
$2,375 income − $3,272 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,375
Total Expenses
$3,272
Mortgage P&I
69%
$1,638
Property Taxes
16%
$386
Home Insurance
5%
$108
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$594