This property looks like a bad Airbnb investment with a projected -8.67% first-year return on $80,013 initial cash invested.
-8.67%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$2,249
Rent
-$578
Cashflow
Cash Flow
$2,249 income − $2,827 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,013
Downpayment
20%
$59,060
Closing costs
1%
$2,953
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,249
Total Expenses
$2,827
Mortgage P&I
68%
$1,522
Property Taxes
6%
$128
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562