This property looks like a bad Airbnb investment with a projected -18% first-year return on $80,517 initial cash invested.
-18%
Cash On Cash
1.63%
Cap Rate
0.26
DSCR
$1,661
Rent
-$1,208
Cashflow
Cash Flow
$1,661 income − $2,869 expenses = $1,208 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,661
Total Expenses
$2,869
Mortgage P&I
93%
$1,546
Property Taxes
26%
$426
Home Insurance
6%
$101
HOA
0%
$0
Property Management
15%
$249
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$415