This property looks like a bad Airbnb investment with a projected -2.77% first-year return on $85,011 initial cash invested.
-2.77%
Cash On Cash
6%
Cap Rate
0.96
DSCR
$3,360
Rent
-$196
Cashflow
Cash Flow
$3,360 income − $3,556 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$3,556
Mortgage P&I
49%
$1,657
Property Taxes
5%
$173
Home Insurance
3%
$114
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840