This property looks like a bad Airbnb investment with a projected -10.87% first-year return on $84,360 initial cash invested.
-10.87%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$2,542
Rent
-$764
Cashflow
Cash Flow
$2,542 income − $3,306 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,360
Downpayment
20%
$63,200
Closing costs
1%
$3,160
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$3,306
Mortgage P&I
69%
$1,746
Property Taxes
9%
$226
Home Insurance
4%
$113
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$636