This property looks like a bad Airbnb investment with a projected -18.98% first-year return on $78,900 initial cash invested.
-18.98%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$1,684
Rent
-$1,248
Cashflow
Cash Flow
$1,684 income − $2,932 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,684
Total Expenses
$2,932
Mortgage P&I
97%
$1,631
Property Taxes
23%
$391
Home Insurance
6%
$102
HOA
0%
$0
Property Management
15%
$253
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$421