This property looks like a bad Airbnb investment with a projected -11.62% first-year return on $84,150 initial cash invested.
-11.62%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$2,602
Rent
-$815
Cashflow
Cash Flow
$2,602 income − $3,417 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$3,417
Mortgage P&I
68%
$1,758
Property Taxes
12%
$301
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650