This property looks like a bad Airbnb investment with a projected -14.78% first-year return on $81,903 initial cash invested.
-14.78%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,331
Rent
-$1,009
Cashflow
Cash Flow
$2,331 income − $3,340 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,340
Mortgage P&I
72%
$1,671
Property Taxes
19%
$436
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583