This property looks like a bad Airbnb investment with a projected -5.59% first-year return on $83,982 initial cash invested.
-5.59%
Cash On Cash
5.04%
Cap Rate
0.83
DSCR
$2,808
Rent
-$391
Cashflow
Cash Flow
$2,808 income − $3,199 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,982
Downpayment
20%
$62,840
Closing costs
1%
$3,142
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$3,199
Mortgage P&I
57%
$1,598
Property Taxes
5%
$138
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702