This property looks like a bad Airbnb investment with a projected -5.93% first-year return on $79,677 initial cash invested.
-5.93%
Cash On Cash
5.17%
Cap Rate
0.81
DSCR
$2,650
Rent
-$394
Cashflow
Cash Flow
$2,650 income − $3,044 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,677
Downpayment
20%
$58,740
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$3,044
Mortgage P&I
59%
$1,553
Property Taxes
4%
$111
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662