This property looks like a bad Airbnb investment with a projected -10.03% first-year return on $81,000 initial cash invested.
-10.03%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,573
Rent
-$677
Cashflow
Cash Flow
$2,573 income − $3,250 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,573
Total Expenses
$3,250
Mortgage P&I
64%
$1,655
Property Taxes
10%
$255
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$643