This property looks like a bad Airbnb investment with a projected -9.96% first-year return on $81,000 initial cash invested.
-9.96%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$2,418
Rent
-$672
Cashflow
Cash Flow
$2,418 income − $3,090 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,418
Total Expenses
$3,090
Mortgage P&I
67%
$1,617
Property Taxes
8%
$198
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604