This property looks like a bad Airbnb investment with a projected -10.66% first-year return on $83,331 initial cash invested.
-10.66%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$2,616
Rent
-$740
Cashflow
Cash Flow
$2,616 income − $3,356 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,331
Downpayment
20%
$62,220
Closing costs
1%
$3,111
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,616
Total Expenses
$3,356
Mortgage P&I
64%
$1,677
Property Taxes
12%
$307
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654