This property looks like a bad Airbnb investment with a projected -13.4% first-year return on $83,373 initial cash invested.
-13.4%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$1,901
Rent
-$931
Cashflow
Cash Flow
$1,901 income − $2,832 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,901
Total Expenses
$2,832
Mortgage P&I
91%
$1,721
Property Taxes
5%
$87
Home Insurance
6%
$112
HOA
0%
$0
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$475