This property looks like a bad Airbnb investment with a projected -2.34% first-year return on $79,530 initial cash invested.
-2.34%
Cash On Cash
6.64%
Cap Rate
1
DSCR
$3,694
Rent
-$155
Cashflow
Cash Flow
$3,694 income − $3,849 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,694
Total Expenses
$3,849
Mortgage P&I
44%
$1,629
Property Taxes
7%
$272
Home Insurance
3%
$116
HOA
2%
$58
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924