This property looks like a bad Airbnb investment with a projected -14.45% first-year return on $82,953 initial cash invested.
-14.45%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$1,724
Rent
-$999
Cashflow
Cash Flow
$1,724 income − $2,723 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,724
Total Expenses
$2,723
Mortgage P&I
94%
$1,625
Property Taxes
9%
$160
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$431