This property looks like a bad Airbnb investment with a projected -5.84% first-year return on $82,764 initial cash invested.
-5.84%
Cash On Cash
4.91%
Cap Rate
0.82
DSCR
$3,136
Rent
-$403
Cashflow
Cash Flow
$3,136 income − $3,539 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$3,539
Mortgage P&I
49%
$1,539
Property Taxes
13%
$400
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784