This property looks like a bad Airbnb investment with a projected -11.83% first-year return on $84,717 initial cash invested.
-11.83%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$2,120
Rent
-$835
Cashflow
Cash Flow
$2,120 income − $2,955 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,717
Downpayment
20%
$63,540
Closing costs
1%
$3,177
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,120
Total Expenses
$2,955
Mortgage P&I
79%
$1,681
Property Taxes
7%
$141
Home Insurance
5%
$115
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$530