This property looks like a bad Airbnb investment with a projected -3.18% first-year return on $79,950 initial cash invested.
-3.18%
Cash On Cash
5.99%
Cap Rate
0.94
DSCR
$3,123
Rent
-$212
Cashflow
Cash Flow
$3,123 income − $3,335 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$3,335
Mortgage P&I
50%
$1,560
Property Taxes
5%
$169
Home Insurance
3%
$107
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$781