This property looks like a bad Airbnb investment with a projected -7.36% first-year return on $81,000 initial cash invested.
-7.36%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$2,884
Rent
-$497
Cashflow
Cash Flow
$2,884 income − $3,381 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$3,381
Mortgage P&I
53%
$1,529
Property Taxes
13%
$363
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721