This property looks like a bad Airbnb investment with a projected -1.63% first-year return on $80,349 initial cash invested.
-1.63%
Cash On Cash
6.22%
Cap Rate
1.01
DSCR
$2,971
Rent
-$109
Cashflow
Cash Flow
$2,971 income − $3,080 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,349
Downpayment
20%
$59,380
Closing costs
1%
$2,969
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,971
Total Expenses
$3,080
Mortgage P&I
52%
$1,530
Property Taxes
1%
$25
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$743