This property looks like a bad Airbnb investment with a projected -35.86% first-year return on $80,244 initial cash invested.
-35.86%
Cash On Cash
-3.08%
Cap Rate
-0.46
DSCR
$0
Rent
-$2,398
Cashflow
Cash Flow
$0 income − $2,398 expenses = $2,398 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,244
Downpayment
20%
$59,280
Closing costs
1%
$2,964
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,398
Mortgage P&I
16380000%
$1,638
Property Taxes
2650000%
$265
Home Insurance
1050000%
$105
HOA
3900000%
$390
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0