This property looks like a bad Airbnb investment with a projected -7.13% first-year return on $78,711 initial cash invested.
-7.13%
Cash On Cash
4.67%
Cap Rate
0.75
DSCR
$2,306
Rent
-$468
Cashflow
Cash Flow
$2,306 income − $2,774 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,711
Downpayment
20%
$57,820
Closing costs
1%
$2,891
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,306
Total Expenses
$2,774
Mortgage P&I
65%
$1,500
Property Taxes
3%
$63
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576