This property looks like a bad Airbnb investment with a projected -7.38% first-year return on $79,950 initial cash invested.
-7.38%
Cash On Cash
4.81%
Cap Rate
0.76
DSCR
$2,812
Rent
-$492
Cashflow
Cash Flow
$2,812 income − $3,304 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$3,304
Mortgage P&I
56%
$1,563
Property Taxes
10%
$289
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$703