This property looks like a bad Airbnb investment with a projected -23.73% first-year return on $80,895 initial cash invested.
-23.73%
Cash On Cash
0.34%
Cap Rate
0.05
DSCR
$1,412
Rent
-$1,600
Cashflow
Cash Flow
$1,412 income − $3,012 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,412
Total Expenses
$3,012
Mortgage P&I
115%
$1,630
Property Taxes
42%
$600
Home Insurance
7%
$105
HOA
0%
$0
Property Management
15%
$212
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$353