This property looks like a bad Airbnb investment with a projected -3.08% first-year return on $85,032 initial cash invested.
-3.08%
Cash On Cash
6.5%
Cap Rate
0.96
DSCR
$3,813
Rent
-$218
Cashflow
Cash Flow
$3,813 income − $4,031 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,032
Downpayment
20%
$63,840
Closing costs
1%
$3,192
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,813
Total Expenses
$4,031
Mortgage P&I
47%
$1,794
Property Taxes
8%
$292
Home Insurance
3%
$114
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$953