This property looks like a bad Airbnb investment with a projected -8.27% first-year return on $84,024 initial cash invested.
-8.27%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$2,745
Rent
-$579
Cashflow
Cash Flow
$2,745 income − $3,324 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$3,324
Mortgage P&I
60%
$1,642
Property Taxes
9%
$252
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686