This property looks like a bad Airbnb investment with a projected -6.99% first-year return on $79,782 initial cash invested.
-6.99%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$2,772
Rent
-$465
Cashflow
Cash Flow
$2,772 income − $3,237 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,772
Total Expenses
$3,237
Mortgage P&I
56%
$1,557
Property Taxes
8%
$209
Home Insurance
4%
$105
HOA
1%
$35
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$693