This property looks like a bad Airbnb investment with a projected -9.81% first-year return on $80,979 initial cash invested.
-9.81%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$2,239
Rent
-$662
Cashflow
Cash Flow
$2,239 income − $2,901 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,239
Total Expenses
$2,901
Mortgage P&I
68%
$1,514
Property Taxes
9%
$206
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560