This property looks like a bad Airbnb investment with a projected -18.65% first-year return on $78,900 initial cash invested.
-18.65%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$1,290
Rent
-$1,226
Cashflow
Cash Flow
$1,290 income − $2,516 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,290
Total Expenses
$2,516
Mortgage P&I
123%
$1,590
Property Taxes
12%
$161
Home Insurance
8%
$102
HOA
3%
$43
Property Management
15%
$194
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$322