This property looks like a bad Airbnb investment with a projected -3.15% first-year return on $81,903 initial cash invested.
-3.15%
Cash On Cash
5.83%
Cap Rate
0.94
DSCR
$3,142
Rent
-$215
Cashflow
Cash Flow
$3,142 income − $3,357 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,357
Mortgage P&I
50%
$1,568
Property Taxes
5%
$172
Home Insurance
3%
$108
HOA
0%
$0
Property Management
15%
$471
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$786