This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $83,037 initial cash invested.
-12.73%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$2,062
Rent
-$881
Cashflow
Cash Flow
$2,062 income − $2,943 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,037
Downpayment
20%
$61,940
Closing costs
1%
$3,097
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$2,943
Mortgage P&I
78%
$1,609
Property Taxes
10%
$216
Home Insurance
5%
$112
HOA
1%
$17
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$516