This property looks like a bad Airbnb investment with a projected -12.98% first-year return on $84,150 initial cash invested.
-12.98%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$1,700
Rent
-$910
Cashflow
Cash Flow
$1,700 income − $2,610 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,700
Total Expenses
$2,610
Mortgage P&I
99%
$1,676
Property Taxes
0%
$8
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$255
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$425