This property looks like a bad Airbnb investment with a projected -8.65% first-year return on $80,979 initial cash invested.
-8.65%
Cash On Cash
4.89%
Cap Rate
0.72
DSCR
$2,753
Rent
-$584
Cashflow
Cash Flow
$2,753 income − $3,337 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,753
Total Expenses
$3,337
Mortgage P&I
62%
$1,695
Property Taxes
8%
$216
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$688