This property looks like a bad Airbnb investment with a projected -10.75% first-year return on $79,929 initial cash invested.
-10.75%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,202
Rent
-$716
Cashflow
Cash Flow
$2,202 income − $2,918 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,202
Total Expenses
$2,918
Mortgage P&I
73%
$1,611
Property Taxes
7%
$148
Home Insurance
5%
$103
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550