This property looks like a bad Airbnb investment with a projected -12.79% first-year return on $79,950 initial cash invested.
-12.79%
Cash On Cash
2.97%
Cap Rate
0.48
DSCR
$1,613
Rent
-$852
Cashflow
Cash Flow
$1,613 income − $2,465 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,613
Total Expenses
$2,465
Mortgage P&I
94%
$1,516
Property Taxes
4%
$71
Home Insurance
6%
$103
HOA
0%
$0
Property Management
15%
$242
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$403