This property looks like a bad Airbnb investment with a projected -9.64% first-year return on $80,790 initial cash invested.
-9.64%
Cash On Cash
4.14%
Cap Rate
0.65
DSCR
$2,105
Rent
-$649
Cashflow
Cash Flow
$2,105 income − $2,754 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,105
Total Expenses
$2,754
Mortgage P&I
76%
$1,597
Property Taxes
2%
$42
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526