This property looks like a bad Airbnb investment with a projected -13.65% first-year return on $83,079 initial cash invested.
-13.65%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$2,922
Rent
-$945
Cashflow
Cash Flow
$2,922 income − $3,867 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,867
Mortgage P&I
57%
$1,665
Property Taxes
25%
$716
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730