This property looks like a bad Airbnb investment with a projected -12.11% first-year return on $78,690 initial cash invested.
-12.11%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$1,626
Rent
-$794
Cashflow
Cash Flow
$1,626 income − $2,420 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,626
Total Expenses
$2,420
Mortgage P&I
91%
$1,477
Property Taxes
4%
$62
Home Insurance
6%
$101
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406