This property looks like a bad Airbnb investment with a projected -3.15% first-year return on $83,730 initial cash invested.
-3.15%
Cash On Cash
5.96%
Cap Rate
0.95
DSCR
$3,594
Rent
-$220
Cashflow
Cash Flow
$3,594 income − $3,814 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,730
Downpayment
20%
$62,600
Closing costs
1%
$3,130
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,594
Total Expenses
$3,814
Mortgage P&I
45%
$1,630
Property Taxes
10%
$349
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$539
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$898