This property looks like a bad Airbnb investment with a projected -9.78% first-year return on $81,210 initial cash invested.
-9.78%
Cash On Cash
4.02%
Cap Rate
0.64
DSCR
$2,544
Rent
-$662
Cashflow
Cash Flow
$2,544 income − $3,206 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,210
Downpayment
20%
$60,200
Closing costs
1%
$3,010
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$3,206
Mortgage P&I
62%
$1,568
Property Taxes
12%
$311
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$636