This property looks like a bad Airbnb investment with a projected -2.17% first-year return on $81,819 initial cash invested.
-2.17%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$4,103
Rent
-$148
Cashflow
Cash Flow
$4,103 income − $4,251 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,819
Downpayment
20%
$60,780
Closing costs
1%
$3,039
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,103
Total Expenses
$4,251
Mortgage P&I
41%
$1,663
Property Taxes
13%
$528
Home Insurance
2%
$91
HOA
0%
$0
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026