This property looks like a bad Airbnb investment with a projected -9.52% first-year return on $78,879 initial cash invested.
-9.52%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$2,158
Rent
-$626
Cashflow
Cash Flow
$2,158 income − $2,784 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$2,784
Mortgage P&I
72%
$1,557
Property Taxes
4%
$89
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540