This property looks like a bad Airbnb investment with a projected -13.03% first-year return on $79,383 initial cash invested.
-13.03%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,595
Rent
-$862
Cashflow
Cash Flow
$2,595 income − $3,457 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,383
Downpayment
20%
$58,460
Closing costs
1%
$2,923
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$3,457
Mortgage P&I
57%
$1,468
Property Taxes
25%
$638
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$649