This property looks like a bad Airbnb investment with a projected -8.02% first-year return on $80,979 initial cash invested.
-8.02%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$3,334
Rent
-$541
Cashflow
Cash Flow
$3,334 income − $3,875 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,334
Total Expenses
$3,875
Mortgage P&I
50%
$1,676
Property Taxes
13%
$440
Home Insurance
3%
$105
HOA
2%
$54
Property Management
15%
$500
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$834