This property looks like a bad Airbnb investment with a projected -2.08% first-year return on $82,092 initial cash invested.
-2.08%
Cash On Cash
6.31%
Cap Rate
1
DSCR
$3,495
Rent
-$142
Cashflow
Cash Flow
$3,495 income − $3,637 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,092
Downpayment
20%
$61,040
Closing costs
1%
$3,052
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$3,637
Mortgage P&I
46%
$1,608
Property Taxes
6%
$214
Home Insurance
3%
$108
HOA
1%
$29
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$874