This property looks like a bad Airbnb investment with a projected -12.89% first-year return on $80,790 initial cash invested.
-12.89%
Cash On Cash
3.56%
Cap Rate
0.53
DSCR
$2,090
Rent
-$868
Cashflow
Cash Flow
$2,090 income − $2,958 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,090
Total Expenses
$2,958
Mortgage P&I
80%
$1,672
Property Taxes
8%
$177
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$522