This property looks like a bad Airbnb investment with a projected -7.69% first-year return on $82,890 initial cash invested.
-7.69%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$2,615
Rent
-$531
Cashflow
Cash Flow
$2,615 income − $3,146 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,615
Total Expenses
$3,146
Mortgage P&I
66%
$1,721
Property Taxes
2%
$61
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654