This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $81,483 initial cash invested.
-9.76%
Cash On Cash
3.93%
Cap Rate
0.63
DSCR
$2,081
Rent
-$663
Cashflow
Cash Flow
$2,081 income − $2,744 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,081
Total Expenses
$2,744
Mortgage P&I
75%
$1,571
Property Taxes
3%
$67
Home Insurance
5%
$108
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$520