This property looks like a bad Airbnb investment with a projected -9.24% first-year return on $82,176 initial cash invested.
-9.24%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$3,195
Rent
-$633
Cashflow
Cash Flow
$3,195 income − $3,828 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,176
Downpayment
20%
$61,120
Closing costs
1%
$3,056
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$3,828
Mortgage P&I
52%
$1,664
Property Taxes
16%
$523
Home Insurance
3%
$107
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799