This property looks like a bad Airbnb investment with a projected -10.55% first-year return on $78,690 initial cash invested.
-10.55%
Cash On Cash
3.71%
Cap Rate
0.6
DSCR
$2,560
Rent
-$692
Cashflow
Cash Flow
$2,560 income − $3,252 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$3,252
Mortgage P&I
58%
$1,484
Property Taxes
17%
$439
Home Insurance
4%
$101
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640