This property looks like a bad Airbnb investment with a projected -1.82% first-year return on $82,932 initial cash invested.
-1.82%
Cash On Cash
6.24%
Cap Rate
1
DSCR
$3,236
Rent
-$126
Cashflow
Cash Flow
$3,236 income − $3,362 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,236
Total Expenses
$3,362
Mortgage P&I
50%
$1,605
Property Taxes
3%
$95
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$485
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$809