This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $81,567 initial cash invested.
-14.54%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$2,427
Rent
-$988
Cashflow
Cash Flow
$2,427 income − $3,415 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,567
Downpayment
20%
$60,540
Closing costs
1%
$3,027
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,427
Total Expenses
$3,415
Mortgage P&I
69%
$1,681
Property Taxes
19%
$464
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$607