This property looks like a bad Airbnb investment with a projected -25.89% first-year return on $79,950 initial cash invested.
-25.89%
Cash On Cash
-0.67%
Cap Rate
-0.11
DSCR
$929
Rent
-$1,725
Cashflow
Cash Flow
$929 income − $2,654 expenses = $1,725 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$929
Total Expenses
$2,654
Mortgage P&I
164%
$1,523
Property Taxes
63%
$583
Home Insurance
11%
$103
HOA
0%
$0
Property Management
15%
$139
CapEx
4%
$37
Vacancy
0%
$0
Maintenance
4%
$37
Other
25%
$232