This property looks like a bad Airbnb investment with a projected -27.19% first-year return on $83,247 initial cash invested.
-27.19%
Cash On Cash
-0.6%
Cap Rate
-0.09
DSCR
$779
Rent
-$1,886
Cashflow
Cash Flow
$779 income − $2,665 expenses = $1,886 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,247
Downpayment
20%
$62,140
Closing costs
1%
$3,107
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$779
Total Expenses
$2,665
Mortgage P&I
218%
$1,699
Property Taxes
62%
$482
Home Insurance
14%
$110
HOA
0%
$0
Property Management
15%
$117
CapEx
4%
$31
Vacancy
0%
$0
Maintenance
4%
$31
Other
25%
$195