This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $79,530 initial cash invested.
-13.85%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$2,381
Rent
-$918
Cashflow
Cash Flow
$2,381 income − $3,299 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,381
Total Expenses
$3,299
Mortgage P&I
67%
$1,595
Property Taxes
20%
$469
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595