This property looks like a bad Airbnb investment with a projected -13.11% first-year return on $83,373 initial cash invested.
-13.11%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$1,979
Rent
-$911
Cashflow
Cash Flow
$1,979 income − $2,890 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,979
Total Expenses
$2,890
Mortgage P&I
82%
$1,617
Property Taxes
11%
$213
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$495