This property looks like a bad Airbnb investment with a projected -1.26% first-year return on $80,979 initial cash invested.
-1.26%
Cash On Cash
6.33%
Cap Rate
1.03
DSCR
$3,414
Rent
-$85
Cashflow
Cash Flow
$3,414 income − $3,499 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,414
Total Expenses
$3,499
Mortgage P&I
45%
$1,530
Property Taxes
6%
$199
Home Insurance
3%
$105
HOA
1%
$25
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854