This property looks like a bad Airbnb investment with a projected -7.26% first-year return on $83,940 initial cash invested.
-7.26%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$3,006
Rent
-$508
Cashflow
Cash Flow
$3,006 income − $3,514 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,514
Mortgage P&I
57%
$1,701
Property Taxes
9%
$256
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752