This property looks like a bad Airbnb investment with a projected -7.5% first-year return on $80,979 initial cash invested.
-7.5%
Cash On Cash
4.41%
Cap Rate
0.73
DSCR
$2,326
Rent
-$506
Cashflow
Cash Flow
$2,326 income − $2,832 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,326
Total Expenses
$2,832
Mortgage P&I
65%
$1,516
Property Taxes
4%
$94
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582