This property looks like a bad Airbnb investment with a projected -13.64% first-year return on $79,782 initial cash invested.
-13.64%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$1,493
Rent
-$907
Cashflow
Cash Flow
$1,493 income − $2,400 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,493
Total Expenses
$2,400
Mortgage P&I
102%
$1,529
Property Taxes
3%
$49
Home Insurance
7%
$105
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$373