This property looks like a bad Airbnb investment with a projected -9.14% first-year return on $81,651 initial cash invested.
-9.14%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$3,096
Rent
-$622
Cashflow
Cash Flow
$3,096 income − $3,718 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,651
Downpayment
20%
$60,620
Closing costs
1%
$3,031
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$3,718
Mortgage P&I
54%
$1,687
Property Taxes
14%
$442
Home Insurance
3%
$103
HOA
0%
$0
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774