This property looks like a bad Airbnb investment with a projected -18.66% first-year return on $80,979 initial cash invested.
-18.66%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$1,128
Rent
-$1,259
Cashflow
Cash Flow
$1,128 income − $2,387 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,128
Total Expenses
$2,387
Mortgage P&I
147%
$1,654
Property Taxes
8%
$87
Home Insurance
9%
$105
HOA
0%
$0
Property Management
15%
$169
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$282