This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $84,381 initial cash invested.
-21.64%
Cash On Cash
1.15%
Cap Rate
0.17
DSCR
$1,744
Rent
-$1,522
Cashflow
Cash Flow
$1,744 income − $3,266 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,381
Downpayment
20%
$63,220
Closing costs
1%
$3,161
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,744
Total Expenses
$3,266
Mortgage P&I
101%
$1,755
Property Taxes
32%
$562
Home Insurance
6%
$111
HOA
0%
$0
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$436