This property looks like a bad Airbnb investment with a projected -1.67% first-year return on $79,278 initial cash invested.
-1.67%
Cash On Cash
6.94%
Cap Rate
1.02
DSCR
$3,635
Rent
-$110
Cashflow
Cash Flow
$3,635 income − $3,745 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,635
Total Expenses
$3,745
Mortgage P&I
45%
$1,652
Property Taxes
7%
$270
Home Insurance
2%
$79
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$909