This property looks like a bad Airbnb investment with a projected -17.76% first-year return on $83,562 initial cash invested.
-17.76%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$1,173
Rent
-$1,237
Cashflow
Cash Flow
$1,173 income − $2,410 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,562
Downpayment
20%
$62,440
Closing costs
1%
$3,122
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,173
Total Expenses
$2,410
Mortgage P&I
136%
$1,601
Property Taxes
11%
$134
Home Insurance
10%
$112
HOA
0%
$0
Property Management
15%
$176
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$293