This property looks like a bad Airbnb investment with a projected -17.99% first-year return on $82,302 initial cash invested.
-17.99%
Cash On Cash
1.55%
Cap Rate
0.25
DSCR
$1,402
Rent
-$1,234
Cashflow
Cash Flow
$1,402 income − $2,636 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,302
Downpayment
20%
$61,240
Closing costs
1%
$3,062
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,402
Total Expenses
$2,636
Mortgage P&I
112%
$1,574
Property Taxes
20%
$282
Home Insurance
8%
$108
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$350