This property looks like a bad Airbnb investment with a projected -13.42% first-year return on $83,541 initial cash invested.
-13.42%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$1,905
Rent
-$934
Cashflow
Cash Flow
$1,905 income − $2,839 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,541
Downpayment
20%
$62,420
Closing costs
1%
$3,121
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,905
Total Expenses
$2,839
Mortgage P&I
84%
$1,594
Property Taxes
12%
$221
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$476