This property looks like a bad Airbnb investment with a projected -14.14% first-year return on $84,759 initial cash invested.
-14.14%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$2,148
Rent
-$999
Cashflow
Cash Flow
$2,148 income − $3,147 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,148
Total Expenses
$3,147
Mortgage P&I
80%
$1,717
Property Taxes
13%
$289
Home Insurance
5%
$110
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537