This property looks like a bad Airbnb investment with a projected -16.01% first-year return on $79,887 initial cash invested.
-16.01%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$1,627
Rent
-$1,066
Cashflow
Cash Flow
$1,627 income − $2,693 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,887
Downpayment
20%
$58,940
Closing costs
1%
$2,947
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,627
Total Expenses
$2,693
Mortgage P&I
99%
$1,608
Property Taxes
10%
$170
Home Insurance
6%
$105
HOA
2%
$29
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$407