This property looks like a bad Airbnb investment with a projected -13.92% first-year return on $83,100 initial cash invested.
-13.92%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$2,280
Rent
-$964
Cashflow
Cash Flow
$2,280 income − $3,244 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,280
Total Expenses
$3,244
Mortgage P&I
70%
$1,589
Property Taxes
20%
$453
Home Insurance
5%
$108
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570