This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $80,538 initial cash invested.
-13.01%
Cash On Cash
3.48%
Cap Rate
0.52
DSCR
$2,035
Rent
-$873
Cashflow
Cash Flow
$2,035 income − $2,908 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,035
Total Expenses
$2,908
Mortgage P&I
81%
$1,656
Property Taxes
8%
$171
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$305
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$509