This property looks like a bad Airbnb investment with a projected -5.55% first-year return on $82,827 initial cash invested.
-5.55%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$3,104
Rent
-$383
Cashflow
Cash Flow
$3,104 income − $3,487 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,827
Downpayment
20%
$61,740
Closing costs
1%
$3,087
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$3,487
Mortgage P&I
55%
$1,709
Property Taxes
6%
$180
Home Insurance
3%
$108
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776