This property looks like a bad Airbnb investment with a projected -8.31% first-year return on $79,992 initial cash invested.
-8.31%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$2,634
Rent
-$554
Cashflow
Cash Flow
$2,634 income − $3,188 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,992
Downpayment
20%
$59,040
Closing costs
1%
$2,952
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$3,188
Mortgage P&I
62%
$1,631
Property Taxes
7%
$189
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658