This property looks like a bad Airbnb investment with a projected -22.43% first-year return on $82,407 initial cash invested.
-22.43%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$582
Rent
-$1,540
Cashflow
Cash Flow
$582 income − $2,122 expenses = $1,540 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,407
Downpayment
20%
$61,340
Closing costs
1%
$3,067
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$582
Total Expenses
$2,122
Mortgage P&I
272%
$1,584
Property Taxes
26%
$151
Home Insurance
19%
$108
HOA
0%
$0
Property Management
15%
$87
CapEx
4%
$23
Vacancy
0%
$0
Maintenance
4%
$23
Other
25%
$146