This property looks like a bad Airbnb investment with a projected -19.12% first-year return on $82,953 initial cash invested.
-19.12%
Cash On Cash
1.75%
Cap Rate
0.26
DSCR
$1,481
Rent
-$1,322
Cashflow
Cash Flow
$1,481 income − $2,803 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,481
Total Expenses
$2,803
Mortgage P&I
116%
$1,715
Property Taxes
18%
$266
Home Insurance
8%
$112
HOA
0%
$0
Property Management
15%
$222
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$370