This property looks like a bad Airbnb investment with a projected -23.22% first-year return on $80,979 initial cash invested.
-23.22%
Cash On Cash
0.28%
Cap Rate
0.04
DSCR
$870
Rent
-$1,567
Cashflow
Cash Flow
$870 income − $2,437 expenses = $1,567 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$870
Total Expenses
$2,437
Mortgage P&I
184%
$1,603
Property Taxes
36%
$311
Home Insurance
12%
$105
HOA
0%
$0
Property Management
15%
$130
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$218