This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $79,404 initial cash invested.
-12.38%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,374
Rent
-$819
Cashflow
Cash Flow
$2,374 income − $3,193 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,374
Total Expenses
$3,193
Mortgage P&I
65%
$1,553
Property Taxes
17%
$400
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$594