This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $80,496 initial cash invested.
-12.73%
Cash On Cash
3.75%
Cap Rate
0.55
DSCR
$2,476
Rent
-$854
Cashflow
Cash Flow
$2,476 income − $3,330 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$3,330
Mortgage P&I
68%
$1,686
Property Taxes
14%
$351
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619