This property looks like a bad Airbnb investment with a projected -0.17% first-year return on $79,887 initial cash invested.
-0.17%
Cash On Cash
6.58%
Cap Rate
1.08
DSCR
$3,374
Rent
-$11
Cashflow
Cash Flow
$3,374 income − $3,385 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,887
Downpayment
20%
$58,940
Closing costs
1%
$2,947
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,374
Total Expenses
$3,385
Mortgage P&I
44%
$1,493
Property Taxes
5%
$167
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$844