This property looks like a bad Airbnb investment with a projected -21.08% first-year return on $78,690 initial cash invested.
-21.08%
Cash On Cash
0.55%
Cap Rate
0.09
DSCR
$1,044
Rent
-$1,382
Cashflow
Cash Flow
$1,044 income − $2,426 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,044
Total Expenses
$2,426
Mortgage P&I
141%
$1,472
Property Taxes
34%
$351
Home Insurance
10%
$101
HOA
0%
$0
Property Management
15%
$157
CapEx
4%
$42
Vacancy
0%
$0
Maintenance
4%
$42
Other
25%
$261