This property looks like a bad Airbnb investment with a projected -5.58% first-year return on $78,879 initial cash invested.
-5.58%
Cash On Cash
5.16%
Cap Rate
0.83
DSCR
$2,681
Rent
-$367
Cashflow
Cash Flow
$2,681 income − $3,048 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,681
Total Expenses
$3,048
Mortgage P&I
56%
$1,507
Property Taxes
6%
$150
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670