This property looks like a bad Airbnb investment with a projected -10.11% first-year return on $84,402 initial cash invested.
-10.11%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$2,032
Rent
-$711
Cashflow
Cash Flow
$2,032 income − $2,743 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,402
Downpayment
20%
$63,240
Closing costs
1%
$3,162
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,032
Total Expenses
$2,743
Mortgage P&I
80%
$1,618
Property Taxes
2%
$38
Home Insurance
6%
$112
HOA
0%
$0
Property Management
15%
$305
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$508