This property looks like a bad Airbnb investment with a projected -2.29% first-year return on $80,202 initial cash invested.
-2.29%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$3,698
Rent
-$153
Cashflow
Cash Flow
$3,698 income − $3,851 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,698
Total Expenses
$3,851
Mortgage P&I
44%
$1,610
Property Taxes
10%
$361
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$555
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924