This property looks like a bad Airbnb investment with a projected -13.43% first-year return on $79,887 initial cash invested.
-13.43%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,487
Rent
-$894
Cashflow
Cash Flow
$2,487 income − $3,381 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,487
Total Expenses
$3,381
Mortgage P&I
61%
$1,518
Property Taxes
22%
$554
Home Insurance
5%
$116
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$622