This property looks like a bad Airbnb investment with a projected -10.02% first-year return on $80,979 initial cash invested.
-10.02%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$2,529
Rent
-$676
Cashflow
Cash Flow
$2,529 income − $3,205 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,529
Total Expenses
$3,205
Mortgage P&I
61%
$1,538
Property Taxes
13%
$328
Home Insurance
4%
$105
HOA
1%
$21
Property Management
15%
$379
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$632