This property looks like a bad Airbnb investment with a projected -19.98% first-year return on $79,467 initial cash invested.
-19.98%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$1,619
Rent
-$1,323
Cashflow
Cash Flow
$1,619 income − $2,942 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,467
Downpayment
20%
$58,540
Closing costs
1%
$2,927
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,619
Total Expenses
$2,942
Mortgage P&I
93%
$1,501
Property Taxes
34%
$558
Home Insurance
6%
$105
HOA
0%
$0
Property Management
15%
$243
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$405