This property looks like a bad Airbnb investment with a projected -13.92% first-year return on $82,659 initial cash invested.
-13.92%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$1,899
Rent
-$959
Cashflow
Cash Flow
$1,899 income − $2,858 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,659
Downpayment
20%
$61,580
Closing costs
1%
$3,079
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,899
Total Expenses
$2,858
Mortgage P&I
83%
$1,583
Property Taxes
12%
$234
Home Insurance
6%
$105
HOA
1%
$24
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$475