This property looks like a bad Airbnb investment with a projected -7.79% first-year return on $80,391 initial cash invested.
-7.79%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,461
Rent
-$522
Cashflow
Cash Flow
$2,461 income − $2,983 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,461
Total Expenses
$2,983
Mortgage P&I
66%
$1,623
Property Taxes
3%
$75
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615