This property looks like a bad Airbnb investment with a projected -21.65% first-year return on $78,879 initial cash invested.
-21.65%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$583
Rent
-$1,423
Cashflow
Cash Flow
$583 income − $2,006 expenses = $1,423 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$583
Total Expenses
$2,006
Mortgage P&I
253%
$1,477
Property Taxes
25%
$148
Home Insurance
18%
$102
HOA
0%
$0
Property Management
15%
$87
CapEx
4%
$23
Vacancy
0%
$0
Maintenance
4%
$23
Other
25%
$146