This property looks like a bad Airbnb investment with a projected -17.07% first-year return on $83,100 initial cash invested.
-17.07%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$1,668
Rent
-$1,182
Cashflow
Cash Flow
$1,668 income − $2,850 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,668
Total Expenses
$2,850
Mortgage P&I
104%
$1,738
Property Taxes
12%
$203
Home Insurance
6%
$108
HOA
0%
$0
Property Management
15%
$250
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$417