This property looks like a bad Airbnb investment with a projected -6.7% first-year return on $80,244 initial cash invested.
-6.7%
Cash On Cash
4.79%
Cap Rate
0.78
DSCR
$2,884
Rent
-$448
Cashflow
Cash Flow
$2,884 income − $3,332 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,884
Total Expenses
$3,332
Mortgage P&I
53%
$1,515
Property Taxes
11%
$328
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721