This property looks like a bad Airbnb investment with a projected -0.27% first-year return on $80,979 initial cash invested.
-0.27%
Cash On Cash
7.03%
Cap Rate
1.08
DSCR
$3,737
Rent
-$18
Cashflow
Cash Flow
$3,737 income − $3,755 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,737
Total Expenses
$3,755
Mortgage P&I
44%
$1,626
Property Taxes
6%
$231
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$561
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$934