This property looks like a bad Airbnb investment with a projected -15.73% first-year return on $81,315 initial cash invested.
-15.73%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$1,967
Rent
-$1,066
Cashflow
Cash Flow
$1,967 income − $3,033 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,315
Downpayment
20%
$60,300
Closing costs
1%
$3,015
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,967
Total Expenses
$3,033
Mortgage P&I
84%
$1,662
Property Taxes
16%
$324
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$492