This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $81,000 initial cash invested.
-15.54%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$1,763
Rent
-$1,049
Cashflow
Cash Flow
$1,763 income − $2,812 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,763
Total Expenses
$2,812
Mortgage P&I
88%
$1,549
Property Taxes
18%
$311
Home Insurance
6%
$105
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$441