This property looks like a bad Airbnb investment with a projected -21.28% first-year return on $84,990 initial cash invested.
-21.28%
Cash On Cash
0.7%
Cap Rate
0.11
DSCR
$662
Rent
-$1,507
Cashflow
Cash Flow
$662 income − $2,169 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$662
Total Expenses
$2,169
Mortgage P&I
252%
$1,666
Property Taxes
11%
$74
Home Insurance
17%
$112
HOA
0%
$0
Property Management
15%
$99
CapEx
4%
$26
Vacancy
0%
$0
Maintenance
4%
$26
Other
25%
$166