This property looks like a bad Airbnb investment with a projected -6.88% first-year return on $83,877 initial cash invested.
-6.88%
Cash On Cash
4.81%
Cap Rate
0.78
DSCR
$2,963
Rent
-$481
Cashflow
Cash Flow
$2,963 income − $3,444 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,877
Downpayment
20%
$62,740
Closing costs
1%
$3,137
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,963
Total Expenses
$3,444
Mortgage P&I
55%
$1,620
Property Taxes
9%
$266
Home Insurance
4%
$110
HOA
1%
$25
Property Management
15%
$444
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$741