This property looks like a bad Airbnb investment with a projected -7.25% first-year return on $84,591 initial cash invested.
-7.25%
Cash On Cash
4.71%
Cap Rate
0.76
DSCR
$3,199
Rent
-$511
Cashflow
Cash Flow
$3,199 income − $3,710 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,199
Total Expenses
$3,710
Mortgage P&I
51%
$1,628
Property Taxes
13%
$430
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800