This property looks like a bad Airbnb investment with a projected -4.95% first-year return on $82,491 initial cash invested.
-4.95%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$3,097
Rent
-$340
Cashflow
Cash Flow
$3,097 income − $3,437 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,491
Downpayment
20%
$61,420
Closing costs
1%
$3,071
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,097
Total Expenses
$3,437
Mortgage P&I
51%
$1,569
Property Taxes
9%
$269
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774