This property looks like a bad Airbnb investment with a projected -11.03% first-year return on $83,352 initial cash invested.
-11.03%
Cash On Cash
3.69%
Cap Rate
0.59
DSCR
$2,661
Rent
-$766
Cashflow
Cash Flow
$2,661 income − $3,427 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,352
Downpayment
20%
$62,240
Closing costs
1%
$3,112
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,427
Mortgage P&I
61%
$1,617
Property Taxes
16%
$424
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665