This property looks like a bad Airbnb investment with a projected -1.94% first-year return on $79,719 initial cash invested.
-1.94%
Cash On Cash
6.17%
Cap Rate
1
DSCR
$3,111
Rent
-$129
Cashflow
Cash Flow
$3,111 income − $3,240 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,719
Downpayment
20%
$58,780
Closing costs
1%
$2,939
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,240
Mortgage P&I
49%
$1,515
Property Taxes
4%
$127
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778