This property looks like a bad Airbnb investment with a projected -2.24% first-year return on $78,627 initial cash invested.
-2.24%
Cash On Cash
6.06%
Cap Rate
0.99
DSCR
$3,287
Rent
-$147
Cashflow
Cash Flow
$3,287 income − $3,434 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,627
Downpayment
20%
$57,740
Closing costs
1%
$2,887
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,287
Total Expenses
$3,434
Mortgage P&I
45%
$1,474
Property Taxes
8%
$278
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$822