This property looks like a bad Airbnb investment with a projected -11.39% first-year return on $84,612 initial cash invested.
-11.39%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$2,115
Rent
-$803
Cashflow
Cash Flow
$2,115 income − $2,918 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,115
Total Expenses
$2,918
Mortgage P&I
79%
$1,680
Property Taxes
5%
$108
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$529