This property looks like a bad Airbnb investment with a projected -10.72% first-year return on $82,155 initial cash invested.
-10.72%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$2,173
Rent
-$734
Cashflow
Cash Flow
$2,173 income − $2,907 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,155
Downpayment
20%
$61,100
Closing costs
1%
$3,055
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,173
Total Expenses
$2,907
Mortgage P&I
72%
$1,567
Property Taxes
8%
$175
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543