This property looks like a bad Airbnb investment with a projected -19.82% first-year return on $78,900 initial cash invested.
-19.82%
Cash On Cash
0.89%
Cap Rate
0.15
DSCR
$872
Rent
-$1,303
Cashflow
Cash Flow
$872 income − $2,175 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$872
Total Expenses
$2,175
Mortgage P&I
170%
$1,484
Property Taxes
16%
$138
Home Insurance
12%
$102
HOA
4%
$32
Property Management
15%
$131
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$218