This property looks like a bad Airbnb investment with a projected -10.16% first-year return on $85,074 initial cash invested.
-10.16%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$2,981
Rent
-$720
Cashflow
Cash Flow
$2,981 income − $3,701 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,074
Downpayment
20%
$63,880
Closing costs
1%
$3,194
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,981
Total Expenses
$3,701
Mortgage P&I
56%
$1,676
Property Taxes
16%
$481
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$745