This property looks like a bad Airbnb investment with a projected -18.13% first-year return on $81,630 initial cash invested.
-18.13%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$2,517
Rent
-$1,233
Cashflow
Cash Flow
$2,517 income − $3,750 expenses = $1,233 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,630
Downpayment
20%
$60,600
Closing costs
1%
$3,030
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,517
Total Expenses
$3,750
Mortgage P&I
64%
$1,611
Property Taxes
18%
$457
Home Insurance
5%
$122
HOA
14%
$351
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629