This property looks like a bad Airbnb investment with a projected -16.64% first-year return on $80,979 initial cash invested.
-16.64%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$1,930
Rent
-$1,123
Cashflow
Cash Flow
$1,930 income − $3,053 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,930
Total Expenses
$3,053
Mortgage P&I
80%
$1,549
Property Taxes
23%
$440
Home Insurance
5%
$105
HOA
2%
$33
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$482