This property looks like a bad Airbnb investment with a projected -4.08% first-year return on $80,895 initial cash invested.
-4.08%
Cash On Cash
5.49%
Cap Rate
0.89
DSCR
$2,770
Rent
-$275
Cashflow
Cash Flow
$2,770 income − $3,045 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,770
Total Expenses
$3,045
Mortgage P&I
55%
$1,533
Property Taxes
3%
$77
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$692