This property looks like a bad Airbnb investment with a projected -18.46% first-year return on $78,837 initial cash invested.
-18.46%
Cash On Cash
1.71%
Cap Rate
0.27
DSCR
$2,166
Rent
-$1,213
Cashflow
Cash Flow
$2,166 income − $3,379 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,837
Downpayment
20%
$57,940
Closing costs
1%
$2,897
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$3,379
Mortgage P&I
71%
$1,538
Property Taxes
32%
$695
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542