This property looks like a bad Airbnb investment with a projected -4.35% first-year return on $79,782 initial cash invested.
-4.35%
Cash On Cash
5.45%
Cap Rate
0.89
DSCR
$3,209
Rent
-$289
Cashflow
Cash Flow
$3,209 income − $3,498 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,209
Total Expenses
$3,498
Mortgage P&I
47%
$1,496
Property Taxes
11%
$344
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$481
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$802