This property looks like a bad Airbnb investment with a projected -11.3% first-year return on $81,735 initial cash invested.
-11.3%
Cash On Cash
3.43%
Cap Rate
0.56
DSCR
$2,233
Rent
-$770
Cashflow
Cash Flow
$2,233 income − $3,003 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,735
Downpayment
20%
$60,700
Closing costs
1%
$3,035
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,233
Total Expenses
$3,003
Mortgage P&I
69%
$1,549
Property Taxes
12%
$276
Home Insurance
5%
$107
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558