This property looks like a bad Airbnb investment with a projected -1.7% first-year return on $84,150 initial cash invested.
-1.7%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$3,816
Rent
-$119
Cashflow
Cash Flow
$3,816 income − $3,935 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,816
Total Expenses
$3,935
Mortgage P&I
44%
$1,677
Property Taxes
8%
$293
Home Insurance
3%
$110
HOA
1%
$23
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$954