This property looks like a bad Airbnb investment with a projected -14.56% first-year return on $84,948 initial cash invested.
-14.56%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$2,196
Rent
-$1,031
Cashflow
Cash Flow
$2,196 income − $3,227 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,948
Downpayment
20%
$63,760
Closing costs
1%
$3,188
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,196
Total Expenses
$3,227
Mortgage P&I
79%
$1,729
Property Taxes
15%
$332
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$329
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$549