This property looks like a bad Airbnb investment with a projected -3.86% first-year return on $84,003 initial cash invested.
-3.86%
Cash On Cash
6.26%
Cap Rate
0.92
DSCR
$3,313
Rent
-$270
Cashflow
Cash Flow
$3,313 income − $3,583 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,313
Total Expenses
$3,583
Mortgage P&I
54%
$1,776
Property Taxes
3%
$114
Home Insurance
3%
$102
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$828