This property looks like a bad Airbnb investment with a projected -25.32% first-year return on $82,512 initial cash invested.
-25.32%
Cash On Cash
-0.08%
Cap Rate
-0.01
DSCR
$599
Rent
-$1,741
Cashflow
Cash Flow
$599 income − $2,340 expenses = $1,741 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,512
Downpayment
20%
$61,440
Closing costs
1%
$3,072
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$599
Total Expenses
$2,340
Mortgage P&I
283%
$1,697
Property Taxes
41%
$243
Home Insurance
19%
$112
HOA
0%
$0
Property Management
15%
$90
CapEx
4%
$24
Vacancy
0%
$0
Maintenance
4%
$24
Other
25%
$150