This property looks like a bad Airbnb investment with a projected -10.27% first-year return on $79,950 initial cash invested.
-10.27%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$2,471
Rent
-$684
Cashflow
Cash Flow
$2,471 income − $3,155 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,471
Total Expenses
$3,155
Mortgage P&I
61%
$1,505
Property Taxes
15%
$360
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618