This property looks like a bad Airbnb investment with a projected -14.7% first-year return on $81,000 initial cash invested.
-14.7%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$2,143
Rent
-$992
Cashflow
Cash Flow
$2,143 income − $3,135 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,143
Total Expenses
$3,135
Mortgage P&I
78%
$1,673
Property Taxes
15%
$328
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$321
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$536