This property looks like a bad Airbnb investment with a projected -8.35% first-year return on $83,184 initial cash invested.
-8.35%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$2,297
Rent
-$579
Cashflow
Cash Flow
$2,297 income − $2,876 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,184
Downpayment
20%
$62,080
Closing costs
1%
$3,104
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,297
Total Expenses
$2,876
Mortgage P&I
70%
$1,598
Property Taxes
3%
$65
Home Insurance
5%
$110
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574