This property looks like a bad Airbnb investment with a projected -8.75% first-year return on $79,551 initial cash invested.
-8.75%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$3,060
Rent
-$580
Cashflow
Cash Flow
$3,060 income − $3,640 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,551
Downpayment
20%
$58,620
Closing costs
1%
$2,931
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$3,640
Mortgage P&I
51%
$1,553
Property Taxes
17%
$514
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765