This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $78,879 initial cash invested.
-14.42%
Cash On Cash
2.69%
Cap Rate
0.42
DSCR
$1,625
Rent
-$948
Cashflow
Cash Flow
$1,625 income − $2,573 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,625
Total Expenses
$2,573
Mortgage P&I
94%
$1,533
Property Taxes
10%
$158
Home Insurance
6%
$102
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406