This property looks like a bad Airbnb investment with a projected -12.05% first-year return on $80,790 initial cash invested.
-12.05%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$1,803
Rent
-$811
Cashflow
Cash Flow
$1,803 income − $2,614 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,803
Total Expenses
$2,614
Mortgage P&I
85%
$1,528
Property Taxes
6%
$116
Home Insurance
6%
$105
HOA
0%
$0
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$451