This property looks like a bad Airbnb investment with a projected -19.83% first-year return on $79,341 initial cash invested.
-19.83%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$1,468
Rent
-$1,311
Cashflow
Cash Flow
$1,468 income − $2,779 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,341
Downpayment
20%
$58,420
Closing costs
1%
$2,921
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,468
Total Expenses
$2,779
Mortgage P&I
105%
$1,540
Property Taxes
29%
$429
Home Insurance
7%
$105
HOA
0%
$0
Property Management
15%
$220
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$367