This property looks like a bad Airbnb investment with a projected -3.39% first-year return on $78,690 initial cash invested.
-3.39%
Cash On Cash
5.63%
Cap Rate
0.92
DSCR
$2,786
Rent
-$222
Cashflow
Cash Flow
$2,786 income − $3,008 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,008
Mortgage P&I
53%
$1,467
Property Taxes
4%
$104
Home Insurance
4%
$101
HOA
0%
$0
Property Management
15%
$418
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696