This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $84,969 initial cash invested.
-20.76%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$1,329
Rent
-$1,470
Cashflow
Cash Flow
$1,329 income − $2,799 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,329
Total Expenses
$2,799
Mortgage P&I
132%
$1,758
Property Taxes
22%
$290
Home Insurance
9%
$114
HOA
0%
$0
Property Management
15%
$199
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$332