This property looks like a bad Airbnb investment with a projected -19.56% first-year return on $83,310 initial cash invested.
-19.56%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$2,049
Rent
-$1,358
Cashflow
Cash Flow
$2,049 income − $3,407 expenses = $1,358 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,310
Downpayment
20%
$62,200
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,049
Total Expenses
$3,407
Mortgage P&I
78%
$1,588
Property Taxes
35%
$724
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512