This property looks like a bad Airbnb investment with a projected -4.14% first-year return on $78,900 initial cash invested.
-4.14%
Cash On Cash
5.51%
Cap Rate
0.89
DSCR
$2,680
Rent
-$272
Cashflow
Cash Flow
$2,680 income − $2,952 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,680
Total Expenses
$2,952
Mortgage P&I
56%
$1,497
Property Taxes
3%
$67
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670