This property looks like a bad Airbnb investment with a projected -2.77% first-year return on $84,150 initial cash invested.
-2.77%
Cash On Cash
5.98%
Cap Rate
0.97
DSCR
$3,456
Rent
-$194
Cashflow
Cash Flow
$3,456 income − $3,650 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,456
Total Expenses
$3,650
Mortgage P&I
47%
$1,627
Property Taxes
4%
$149
Home Insurance
3%
$110
HOA
3%
$106
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864