This property looks like a bad Airbnb investment with a projected -20.49% first-year return on $79,950 initial cash invested.
-20.49%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$1,607
Rent
-$1,365
Cashflow
Cash Flow
$1,607 income − $2,972 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,607
Total Expenses
$2,972
Mortgage P&I
101%
$1,630
Property Taxes
26%
$416
Home Insurance
7%
$105
HOA
3%
$50
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$402