This property looks like a bad Airbnb investment with a projected -10.51% first-year return on $81,525 initial cash invested.
-10.51%
Cash On Cash
3.65%
Cap Rate
0.6
DSCR
$2,316
Rent
-$714
Cashflow
Cash Flow
$2,316 income − $3,030 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,525
Downpayment
20%
$60,500
Closing costs
1%
$3,025
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,316
Total Expenses
$3,030
Mortgage P&I
67%
$1,541
Property Taxes
11%
$248
Home Insurance
5%
$108
HOA
1%
$21
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579