This property looks like a bad Airbnb investment with a projected -6.59% first-year return on $80,790 initial cash invested.
-6.59%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$2,550
Rent
-$444
Cashflow
Cash Flow
$2,550 income − $2,994 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,994
Mortgage P&I
64%
$1,637
Property Taxes
1%
$28
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638