This property looks like a bad Airbnb investment with a projected -0.75% first-year return on $82,029 initial cash invested.
-0.75%
Cash On Cash
7.05%
Cap Rate
1.06
DSCR
$3,705
Rent
-$51
Cashflow
Cash Flow
$3,705 income − $3,756 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,705
Total Expenses
$3,756
Mortgage P&I
46%
$1,695
Property Taxes
5%
$173
Home Insurance
3%
$110
HOA
0%
$0
Property Management
15%
$556
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$926