This property looks like a bad Airbnb investment with a projected -8.36% first-year return on $78,774 initial cash invested.
-8.36%
Cash On Cash
4.31%
Cap Rate
0.7
DSCR
$2,496
Rent
-$549
Cashflow
Cash Flow
$2,496 income − $3,045 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,774
Downpayment
20%
$57,880
Closing costs
1%
$2,894
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$3,045
Mortgage P&I
60%
$1,488
Property Taxes
10%
$254
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624