This property looks like a bad Airbnb investment with a projected -7.13% first-year return on $84,129 initial cash invested.
-7.13%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$2,534
Rent
-$500
Cashflow
Cash Flow
$2,534 income − $3,034 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,534
Total Expenses
$3,034
Mortgage P&I
63%
$1,607
Property Taxes
4%
$101
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634