This property looks like a bad Airbnb investment with a projected -0.76% first-year return on $78,879 initial cash invested.
-0.76%
Cash On Cash
6.58%
Cap Rate
1.06
DSCR
$3,328
Rent
-$50
Cashflow
Cash Flow
$3,328 income − $3,378 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,328
Total Expenses
$3,378
Mortgage P&I
45%
$1,506
Property Taxes
5%
$173
Home Insurance
3%
$102
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832