This property looks like a bad Airbnb investment with a projected -6.03% first-year return on $83,835 initial cash invested.
-6.03%
Cash On Cash
5.09%
Cap Rate
0.81
DSCR
$2,780
Rent
-$421
Cashflow
Cash Flow
$2,780 income − $3,201 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,835
Downpayment
20%
$62,700
Closing costs
1%
$3,135
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$3,201
Mortgage P&I
59%
$1,639
Property Taxes
4%
$112
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$695