This property looks like a bad Airbnb investment with a projected -14.48% first-year return on $78,879 initial cash invested.
-14.48%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$1,990
Rent
-$952
Cashflow
Cash Flow
$1,990 income − $2,942 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,990
Total Expenses
$2,942
Mortgage P&I
81%
$1,604
Property Taxes
14%
$280
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498