This property looks like a bad Airbnb investment with a projected -16.05% first-year return on $81,735 initial cash invested.
-16.05%
Cash On Cash
2.73%
Cap Rate
0.41
DSCR
$2,770
Rent
-$1,093
Cashflow
Cash Flow
$2,770 income − $3,863 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,770
Total Expenses
$3,863
Mortgage P&I
60%
$1,673
Property Taxes
27%
$753
Home Insurance
4%
$107
HOA
0%
$0
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$692