This property looks like a bad Airbnb investment with a projected -8.21% first-year return on $82,596 initial cash invested.
-8.21%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$3,069
Rent
-$565
Cashflow
Cash Flow
$3,069 income − $3,634 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,596
Downpayment
20%
$61,520
Closing costs
1%
$3,076
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$3,634
Mortgage P&I
51%
$1,577
Property Taxes
16%
$476
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$767