This property looks like a bad Airbnb investment with a projected -16.66% first-year return on $80,580 initial cash invested.
-16.66%
Cash On Cash
1.81%
Cap Rate
0.3
DSCR
$1,334
Rent
-$1,119
Cashflow
Cash Flow
$1,334 income − $2,453 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,334
Total Expenses
$2,453
Mortgage P&I
114%
$1,516
Property Taxes
14%
$193
Home Insurance
8%
$104
HOA
0%
$0
Property Management
15%
$200
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$334