This property looks like a bad Airbnb investment with a projected -3.14% first-year return on $84,150 initial cash invested.
-3.14%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$3,322
Rent
-$220
Cashflow
Cash Flow
$3,322 income − $3,542 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$3,542
Mortgage P&I
52%
$1,725
Property Taxes
3%
$113
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$830