This property looks like a bad Airbnb investment with a projected -15.82% first-year return on $79,593 initial cash invested.
-15.82%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$1,517
Rent
-$1,049
Cashflow
Cash Flow
$1,517 income − $2,566 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,517
Total Expenses
$2,566
Mortgage P&I
105%
$1,600
Property Taxes
9%
$132
Home Insurance
7%
$105
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$379