This property looks like a bad Airbnb investment with a projected -10.94% first-year return on $79,278 initial cash invested.
-10.94%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$2,407
Rent
-$723
Cashflow
Cash Flow
$2,407 income − $3,130 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,407
Total Expenses
$3,130
Mortgage P&I
64%
$1,542
Property Taxes
12%
$296
Home Insurance
4%
$108
HOA
1%
$29
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602