This property looks like a bad Airbnb investment with a projected -5.76% first-year return on $79,194 initial cash invested.
-5.76%
Cash On Cash
5.07%
Cap Rate
0.82
DSCR
$2,636
Rent
-$380
Cashflow
Cash Flow
$2,636 income − $3,016 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,194
Downpayment
20%
$58,280
Closing costs
1%
$2,914
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$3,016
Mortgage P&I
57%
$1,505
Property Taxes
5%
$144
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$659