This property looks like a bad Airbnb investment with a projected -11.93% first-year return on $81,567 initial cash invested.
-11.93%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$2,580
Rent
-$811
Cashflow
Cash Flow
$2,580 income − $3,391 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,567
Downpayment
20%
$60,540
Closing costs
1%
$3,027
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$3,391
Mortgage P&I
60%
$1,550
Property Taxes
19%
$491
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645