This property looks like a bad Airbnb investment with a projected -13.83% first-year return on $80,979 initial cash invested.
-13.83%
Cash On Cash
2.7%
Cap Rate
0.44
DSCR
$1,763
Rent
-$933
Cashflow
Cash Flow
$1,763 income − $2,696 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,763
Total Expenses
$2,696
Mortgage P&I
87%
$1,538
Property Taxes
12%
$206
Home Insurance
6%
$105
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$441