This property looks like a bad Airbnb investment with a projected -9.02% first-year return on $84,843 initial cash invested.
-9.02%
Cash On Cash
4.19%
Cap Rate
0.67
DSCR
$2,341
Rent
-$638
Cashflow
Cash Flow
$2,341 income − $2,979 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,843
Downpayment
20%
$63,660
Closing costs
1%
$3,183
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,341
Total Expenses
$2,979
Mortgage P&I
71%
$1,655
Property Taxes
3%
$76
Home Insurance
5%
$116
HOA
0%
$8
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$585