This property looks like a bad Airbnb investment with a projected -1.2% first-year return on $83,100 initial cash invested.
-1.2%
Cash On Cash
6.29%
Cap Rate
1.03
DSCR
$3,125
Rent
-$83
Cashflow
Cash Flow
$3,125 income − $3,208 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,125
Total Expenses
$3,208
Mortgage P&I
51%
$1,582
Property Taxes
1%
$18
Home Insurance
3%
$108
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$781