This property looks like a bad Airbnb investment with a projected -21.34% first-year return on $82,890 initial cash invested.
-21.34%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$1,780
Rent
-$1,474
Cashflow
Cash Flow
$1,780 income − $3,254 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,780
Total Expenses
$3,254
Mortgage P&I
92%
$1,637
Property Taxes
37%
$663
Home Insurance
6%
$100
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$445