This property looks like a bad Airbnb investment with a projected -11.9% first-year return on $80,979 initial cash invested.
-11.9%
Cash On Cash
3.31%
Cap Rate
0.53
DSCR
$1,836
Rent
-$803
Cashflow
Cash Flow
$1,836 income − $2,639 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,836
Total Expenses
$2,639
Mortgage P&I
85%
$1,556
Property Taxes
5%
$98
Home Insurance
6%
$105
HOA
0%
$0
Property Management
15%
$275
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$459