This property looks like a bad Airbnb investment with a projected -11.99% first-year return on $79,593 initial cash invested.
-11.99%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,157
Rent
-$795
Cashflow
Cash Flow
$2,157 income − $2,952 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,157
Total Expenses
$2,952
Mortgage P&I
73%
$1,581
Property Taxes
10%
$222
Home Insurance
5%
$114
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$539