This property looks like a bad Airbnb investment with a projected -23.25% first-year return on $79,005 initial cash invested.
-23.25%
Cash On Cash
0.61%
Cap Rate
0.09
DSCR
$1,844
Rent
-$1,531
Cashflow
Cash Flow
$1,844 income − $3,375 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,005
Downpayment
20%
$58,100
Closing costs
1%
$2,905
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,844
Total Expenses
$3,375
Mortgage P&I
87%
$1,605
Property Taxes
16%
$286
Home Insurance
6%
$105
HOA
27%
$493
Property Management
15%
$277
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$461