This property looks like a bad Airbnb investment with a projected -16.87% first-year return on $81,000 initial cash invested.
-16.87%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$2,112
Rent
-$1,139
Cashflow
Cash Flow
$2,112 income − $3,251 expenses = $1,139 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,112
Total Expenses
$3,251
Mortgage P&I
78%
$1,643
Property Taxes
23%
$490
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$317
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$528