This property looks like a bad Airbnb investment with a projected -14.07% first-year return on $81,609 initial cash invested.
-14.07%
Cash On Cash
3.19%
Cap Rate
0.48
DSCR
$1,878
Rent
-$957
Cashflow
Cash Flow
$1,878 income − $2,835 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,609
Downpayment
20%
$60,580
Closing costs
1%
$3,029
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,878
Total Expenses
$2,835
Mortgage P&I
90%
$1,687
Property Taxes
7%
$138
Home Insurance
6%
$108
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470