This property looks like a bad Airbnb investment with a projected -12.34% first-year return on $79,446 initial cash invested.
-12.34%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$2,338
Rent
-$817
Cashflow
Cash Flow
$2,338 income − $3,155 expenses = $817 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,446
Downpayment
20%
$58,520
Closing costs
1%
$2,926
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$3,155
Mortgage P&I
69%
$1,603
Property Taxes
14%
$324
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$584