This property looks like a bad Airbnb investment with a projected -4.78% first-year return on $83,268 initial cash invested.
-4.78%
Cash On Cash
5.41%
Cap Rate
0.88
DSCR
$3,696
Rent
-$332
Cashflow
Cash Flow
$3,696 income − $4,028 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,696
Total Expenses
$4,028
Mortgage P&I
43%
$1,586
Property Taxes
15%
$558
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924