This property looks like a bad Airbnb investment with a projected -5.02% first-year return on $84,129 initial cash invested.
-5.02%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$3,010
Rent
-$352
Cashflow
Cash Flow
$3,010 income − $3,362 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,010
Total Expenses
$3,362
Mortgage P&I
56%
$1,674
Property Taxes
3%
$92
Home Insurance
4%
$114
HOA
1%
$38
Property Management
15%
$452
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752