This property looks like a bad Airbnb investment with a projected -7.89% first-year return on $79,530 initial cash invested.
-7.89%
Cash On Cash
4.37%
Cap Rate
0.72
DSCR
$2,493
Rent
-$523
Cashflow
Cash Flow
$2,493 income − $3,016 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$3,016
Mortgage P&I
60%
$1,490
Property Taxes
9%
$226
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$623