This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $80,853 initial cash invested.
-13.85%
Cash On Cash
2.65%
Cap Rate
0.44
DSCR
$1,892
Rent
-$933
Cashflow
Cash Flow
$1,892 income − $2,825 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,853
Downpayment
20%
$59,860
Closing costs
1%
$2,993
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,892
Total Expenses
$2,825
Mortgage P&I
80%
$1,518
Property Taxes
12%
$220
Home Insurance
7%
$136
HOA
2%
$42
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$473