This property looks like a bad Airbnb investment with a projected -15.15% first-year return on $79,068 initial cash invested.
-15.15%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$2,108
Rent
-$998
Cashflow
Cash Flow
$2,108 income − $3,106 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,068
Downpayment
20%
$58,160
Closing costs
1%
$2,908
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,108
Total Expenses
$3,106
Mortgage P&I
74%
$1,564
Property Taxes
19%
$409
Home Insurance
6%
$122
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527