This property looks like a bad Airbnb investment with a projected -7.53% first-year return on $83,646 initial cash invested.
-7.53%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$2,721
Rent
-$525
Cashflow
Cash Flow
$2,721 income − $3,246 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,646
Downpayment
20%
$62,520
Closing costs
1%
$3,126
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$3,246
Mortgage P&I
64%
$1,740
Property Taxes
3%
$69
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680