This property looks like a bad Airbnb investment with a projected -11.1% first-year return on $80,979 initial cash invested.
-11.1%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$2,263
Rent
-$749
Cashflow
Cash Flow
$2,263 income − $3,012 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,263
Total Expenses
$3,012
Mortgage P&I
68%
$1,538
Property Taxes
12%
$282
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$339
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$566