This property looks like a bad Airbnb investment with a projected -9.52% first-year return on $80,916 initial cash invested.
-9.52%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,569
Rent
-$642
Cashflow
Cash Flow
$2,569 income − $3,211 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,916
Downpayment
20%
$59,920
Closing costs
1%
$2,996
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,569
Total Expenses
$3,211
Mortgage P&I
62%
$1,594
Property Taxes
11%
$279
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642