This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $81,756 initial cash invested.
-9.76%
Cash On Cash
4.19%
Cap Rate
0.66
DSCR
$2,852
Rent
-$665
Cashflow
Cash Flow
$2,852 income − $3,517 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$3,517
Mortgage P&I
57%
$1,612
Property Taxes
15%
$438
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713