This property looks like a bad Airbnb investment with a projected -4.2% first-year return on $80,790 initial cash invested.
-4.2%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$3,511
Rent
-$283
Cashflow
Cash Flow
$3,511 income − $3,794 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,511
Total Expenses
$3,794
Mortgage P&I
46%
$1,604
Property Taxes
11%
$400
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$527
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$878