This property looks like a bad Airbnb investment with a projected -19.15% first-year return on $79,719 initial cash invested.
-19.15%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$1,670
Rent
-$1,272
Cashflow
Cash Flow
$1,670 income − $2,942 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,670
Total Expenses
$2,942
Mortgage P&I
97%
$1,627
Property Taxes
22%
$375
Home Insurance
6%
$105
HOA
2%
$33
Property Management
15%
$250
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418