This property looks like a bad Airbnb investment with a projected -8.72% first-year return on $78,879 initial cash invested.
-8.72%
Cash On Cash
4.98%
Cap Rate
0.72
DSCR
$2,674
Rent
-$573
Cashflow
Cash Flow
$2,674 income − $3,247 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,674
Total Expenses
$3,247
Mortgage P&I
62%
$1,670
Property Taxes
7%
$192
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668