This property looks like a bad Airbnb investment with a projected -5.44% first-year return on $79,026 initial cash invested.
-5.44%
Cash On Cash
5.05%
Cap Rate
0.83
DSCR
$2,784
Rent
-$358
Cashflow
Cash Flow
$2,784 income − $3,142 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,026
Downpayment
20%
$58,120
Closing costs
1%
$2,906
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$3,142
Mortgage P&I
53%
$1,470
Property Taxes
7%
$200
Home Insurance
4%
$103
HOA
1%
$33
Property Management
15%
$418
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696