This property looks like a bad Airbnb investment with a projected -7.89% first-year return on $82,995 initial cash invested.
-7.89%
Cash On Cash
4.71%
Cap Rate
0.74
DSCR
$3,089
Rent
-$546
Cashflow
Cash Flow
$3,089 income − $3,635 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,995
Downpayment
20%
$61,900
Closing costs
1%
$3,095
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,089
Total Expenses
$3,635
Mortgage P&I
53%
$1,636
Property Taxes
13%
$411
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$463
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$772