This property looks like a bad Airbnb investment with a projected -6.17% first-year return on $81,924 initial cash invested.
-6.17%
Cash On Cash
5.06%
Cap Rate
0.81
DSCR
$2,849
Rent
-$421
Cashflow
Cash Flow
$2,849 income − $3,270 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,924
Downpayment
20%
$60,880
Closing costs
1%
$3,044
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,849
Total Expenses
$3,270
Mortgage P&I
56%
$1,590
Property Taxes
7%
$205
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712