This property looks like a bad Airbnb investment with a projected -7.06% first-year return on $84,192 initial cash invested.
-7.06%
Cash On Cash
5.31%
Cap Rate
0.8
DSCR
$3,426
Rent
-$495
Cashflow
Cash Flow
$3,426 income − $3,921 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,192
Downpayment
20%
$63,040
Closing costs
1%
$3,152
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,426
Total Expenses
$3,921
Mortgage P&I
51%
$1,754
Property Taxes
12%
$413
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$514
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$856