This property looks like a bad Airbnb investment with a projected -9.85% first-year return on $82,134 initial cash invested.
-9.85%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$2,137
Rent
-$674
Cashflow
Cash Flow
$2,137 income − $2,811 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,134
Downpayment
20%
$61,080
Closing costs
1%
$3,054
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,137
Total Expenses
$2,811
Mortgage P&I
74%
$1,580
Property Taxes
6%
$130
Home Insurance
4%
$76
HOA
0%
$0
Property Management
15%
$321
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$534