This property looks like a bad Airbnb investment with a projected -14.45% first-year return on $79,068 initial cash invested.
-14.45%
Cash On Cash
2.49%
Cap Rate
0.4
DSCR
$1,534
Rent
-$952
Cashflow
Cash Flow
$1,534 income − $2,486 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,068
Downpayment
20%
$58,160
Closing costs
1%
$2,908
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,534
Total Expenses
$2,486
Mortgage P&I
97%
$1,495
Property Taxes
10%
$150
Home Insurance
7%
$105
HOA
0%
$0
Property Management
15%
$230
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$384