This property looks like a bad Airbnb investment with a projected -11.95% first-year return on $83,079 initial cash invested.
-11.95%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$2,192
Rent
-$827
Cashflow
Cash Flow
$2,192 income − $3,019 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,192
Total Expenses
$3,019
Mortgage P&I
72%
$1,576
Property Taxes
12%
$257
Home Insurance
5%
$108
HOA
1%
$25
Property Management
15%
$329
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$548