This property looks like a bad Airbnb investment with a projected -9.54% first-year return on $84,129 initial cash invested.
-9.54%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$2,394
Rent
-$669
Cashflow
Cash Flow
$2,394 income − $3,063 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$3,063
Mortgage P&I
68%
$1,634
Property Taxes
7%
$168
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598