This property looks like a bad Airbnb investment with a projected -9.49% first-year return on $79,047 initial cash invested.
-9.49%
Cash On Cash
4%
Cap Rate
0.65
DSCR
$2,759
Rent
-$625
Cashflow
Cash Flow
$2,759 income − $3,384 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,759
Total Expenses
$3,384
Mortgage P&I
54%
$1,485
Property Taxes
17%
$470
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$414
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$690