This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $79,488 initial cash invested.
-11.71%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$2,346
Rent
-$776
Cashflow
Cash Flow
$2,346 income − $3,122 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,488
Downpayment
20%
$58,560
Closing costs
1%
$2,928
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,346
Total Expenses
$3,122
Mortgage P&I
69%
$1,608
Property Taxes
12%
$285
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586