This property looks like a bad Airbnb investment with a projected -9.31% first-year return on $78,900 initial cash invested.
-9.31%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$2,575
Rent
-$612
Cashflow
Cash Flow
$2,575 income − $3,187 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,575
Total Expenses
$3,187
Mortgage P&I
58%
$1,498
Property Taxes
14%
$351
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644