This property looks like a bad Airbnb investment with a projected -6.46% first-year return on $78,890 initial cash invested.
-6.46%
Cash On Cash
4.8%
Cap Rate
0.78
DSCR
$2,309
Rent
-$425
Cashflow
Cash Flow
$2,309 income − $2,734 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,890
Downpayment
20%
$57,990
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,309
Total Expenses
$2,734
Mortgage P&I
65%
$1,494
Property Taxes
1%
$31
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577