This property looks like a bad Airbnb investment with a projected -8.35% first-year return on $82,449 initial cash invested.
-8.35%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$3,046
Rent
-$574
Cashflow
Cash Flow
$3,046 income − $3,620 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,449
Downpayment
20%
$61,380
Closing costs
1%
$3,069
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,046
Total Expenses
$3,620
Mortgage P&I
56%
$1,691
Property Taxes
11%
$349
Home Insurance
4%
$117
HOA
0%
$0
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762