This property looks like a bad Airbnb investment with a projected -5.34% first-year return on $80,181 initial cash invested.
-5.34%
Cash On Cash
5.4%
Cap Rate
0.85
DSCR
$3,114
Rent
-$357
Cashflow
Cash Flow
$3,114 income − $3,471 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$3,471
Mortgage P&I
50%
$1,565
Property Taxes
10%
$306
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$778