This property looks like a bad Airbnb investment with a projected -18.05% first-year return on $84,675 initial cash invested.
-18.05%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$1,691
Rent
-$1,274
Cashflow
Cash Flow
$1,691 income − $2,965 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,691
Total Expenses
$2,965
Mortgage P&I
103%
$1,737
Property Taxes
18%
$301
Home Insurance
7%
$114
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423