This property looks like a bad Airbnb investment with a projected -7.43% first-year return on $80,790 initial cash invested.
-7.43%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$2,722
Rent
-$500
Cashflow
Cash Flow
$2,722 income − $3,222 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$3,222
Mortgage P&I
60%
$1,642
Property Taxes
6%
$169
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680