This property looks like a bad Airbnb investment with a projected -8.3% first-year return on $81,000 initial cash invested.
-8.3%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$2,154
Rent
-$560
Cashflow
Cash Flow
$2,154 income − $2,714 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,154
Total Expenses
$2,714
Mortgage P&I
71%
$1,526
Property Taxes
2%
$50
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538