This property looks like a bad Airbnb investment with a projected -10.59% first-year return on $80,685 initial cash invested.
-10.59%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$2,646
Rent
-$712
Cashflow
Cash Flow
$2,646 income − $3,358 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$3,358
Mortgage P&I
56%
$1,493
Property Taxes
11%
$282
Home Insurance
4%
$108
HOA
8%
$204
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662