This property looks like a bad Airbnb investment with a projected -16.11% first-year return on $79,866 initial cash invested.
-16.11%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$2,284
Rent
-$1,072
Cashflow
Cash Flow
$2,284 income − $3,356 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,284
Total Expenses
$3,356
Mortgage P&I
71%
$1,623
Property Taxes
10%
$237
Home Insurance
5%
$108
HOA
13%
$292
Property Management
15%
$343
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$571