This property looks like a bad Airbnb investment with a projected -8.07% first-year return on $81,000 initial cash invested.
-8.07%
Cash On Cash
5.2%
Cap Rate
0.75
DSCR
$2,874
Rent
-$545
Cashflow
Cash Flow
$2,874 income − $3,419 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,874
Total Expenses
$3,419
Mortgage P&I
60%
$1,729
Property Taxes
7%
$199
Home Insurance
4%
$105
HOA
0%
$7
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$718