This property looks like a bad Airbnb investment with a projected -7.9% first-year return on $80,664 initial cash invested.
-7.9%
Cash On Cash
4.66%
Cap Rate
0.73
DSCR
$2,725
Rent
-$531
Cashflow
Cash Flow
$2,725 income − $3,256 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,725
Total Expenses
$3,256
Mortgage P&I
58%
$1,581
Property Taxes
9%
$245
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$681