This property looks like a bad Airbnb investment with a projected -19.97% first-year return on $83,604 initial cash invested.
-19.97%
Cash On Cash
1.08%
Cap Rate
0.17
DSCR
$1,238
Rent
-$1,391
Cashflow
Cash Flow
$1,238 income − $2,629 expenses = $1,391 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,604
Downpayment
20%
$62,480
Closing costs
1%
$3,124
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,238
Total Expenses
$2,629
Mortgage P&I
131%
$1,623
Property Taxes
22%
$271
Home Insurance
9%
$116
HOA
2%
$23
Property Management
15%
$186
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$310