This property looks like a bad Airbnb investment with a projected -11.01% first-year return on $81,735 initial cash invested.
-11.01%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,330
Rent
-$750
Cashflow
Cash Flow
$2,330 income − $3,080 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,735
Downpayment
20%
$60,700
Closing costs
1%
$3,035
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$3,080
Mortgage P&I
72%
$1,678
Property Taxes
8%
$176
Home Insurance
5%
$108
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582