This property looks like a bad Airbnb investment with a projected -9.5% first-year return on $81,000 initial cash invested.
-9.5%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$2,194
Rent
-$641
Cashflow
Cash Flow
$2,194 income − $2,835 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,194
Total Expenses
$2,835
Mortgage P&I
75%
$1,655
Property Taxes
1%
$22
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$329
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$548