This property looks like a bad Airbnb investment with a projected -7.96% first-year return on $83,982 initial cash invested.
-7.96%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$2,643
Rent
-$557
Cashflow
Cash Flow
$2,643 income − $3,200 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,982
Downpayment
20%
$62,840
Closing costs
1%
$3,142
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$3,200
Mortgage P&I
64%
$1,690
Property Taxes
5%
$140
Home Insurance
4%
$101
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$661