This property looks like a bad Airbnb investment with a projected -7.17% first-year return on $81,000 initial cash invested.
-7.17%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$2,684
Rent
-$484
Cashflow
Cash Flow
$2,684 income − $3,168 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$3,168
Mortgage P&I
61%
$1,627
Property Taxes
6%
$148
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671