This property looks like a bad Airbnb investment with a projected -6% first-year return on $81,000 initial cash invested.
-6%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$3,186
Rent
-$405
Cashflow
Cash Flow
$3,186 income − $3,591 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$3,591
Mortgage P&I
52%
$1,647
Property Taxes
10%
$311
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$478
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796