This property looks like a bad Airbnb investment with a projected -9.23% first-year return on $82,911 initial cash invested.
-9.23%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,938
Rent
-$638
Cashflow
Cash Flow
$2,938 income − $3,576 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$3,576
Mortgage P&I
58%
$1,693
Property Taxes
12%
$362
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$734