This property looks like a bad Airbnb investment with a projected -10.53% first-year return on $78,186 initial cash invested.
-10.53%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$3,273
Rent
-$686
Cashflow
Cash Flow
$3,273 income − $3,959 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,186
Downpayment
20%
$57,320
Closing costs
1%
$2,866
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,273
Total Expenses
$3,959
Mortgage P&I
46%
$1,518
Property Taxes
23%
$748
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$818