This property looks like a bad Airbnb investment with a projected -26.01% first-year return on $79,992 initial cash invested.
-26.01%
Cash On Cash
-0.68%
Cap Rate
-0.11
DSCR
$1,044
Rent
-$1,734
Cashflow
Cash Flow
$1,044 income − $2,778 expenses = $1,734 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,992
Downpayment
20%
$59,040
Closing costs
1%
$2,952
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,044
Total Expenses
$2,778
Mortgage P&I
146%
$1,525
Property Taxes
62%
$646
Home Insurance
10%
$105
HOA
0%
$0
Property Management
15%
$157
CapEx
4%
$42
Vacancy
0%
$0
Maintenance
4%
$42
Other
25%
$261