This property looks like a bad Airbnb investment with a projected -16.66% first-year return on $81,189 initial cash invested.
-16.66%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$1,649
Rent
-$1,127
Cashflow
Cash Flow
$1,649 income − $2,776 expenses = $1,127 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,189
Downpayment
20%
$60,180
Closing costs
1%
$3,009
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,649
Total Expenses
$2,776
Mortgage P&I
99%
$1,637
Property Taxes
14%
$238
Home Insurance
7%
$110
HOA
0%
$0
Property Management
15%
$247
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412