This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $81,021 initial cash invested.
-12.38%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,789
Rent
-$836
Cashflow
Cash Flow
$2,789 income − $3,625 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,021
Downpayment
20%
$60,020
Closing costs
1%
$3,001
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,789
Total Expenses
$3,625
Mortgage P&I
59%
$1,645
Property Taxes
19%
$523
Home Insurance
4%
$108
HOA
0%
$10
Property Management
15%
$418
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$697