This property looks like a bad Airbnb investment with a projected -6.84% first-year return on $79,677 initial cash invested.
-6.84%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$3,183
Rent
-$454
Cashflow
Cash Flow
$3,183 income − $3,637 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,677
Downpayment
20%
$58,740
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$3,637
Mortgage P&I
51%
$1,637
Property Taxes
12%
$379
Home Insurance
3%
$94
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796