This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $80,769 initial cash invested.
-13.85%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$1,888
Rent
-$932
Cashflow
Cash Flow
$1,888 income − $2,820 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,769
Downpayment
20%
$59,780
Closing costs
1%
$2,989
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,888
Total Expenses
$2,820
Mortgage P&I
82%
$1,541
Property Taxes
14%
$258
Home Insurance
6%
$114
HOA
0%
$0
Property Management
15%
$283
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$472