This property looks like a bad Airbnb investment with a projected -17.86% first-year return on $82,596 initial cash invested.
-17.86%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$1,799
Rent
-$1,229
Cashflow
Cash Flow
$1,799 income − $3,028 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,596
Downpayment
20%
$61,520
Closing costs
1%
$3,076
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,799
Total Expenses
$3,028
Mortgage P&I
91%
$1,644
Property Taxes
23%
$410
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$450