This property looks like a bad Airbnb investment with a projected -11.23% first-year return on $78,144 initial cash invested.
-11.23%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$1,891
Rent
-$731
Cashflow
Cash Flow
$1,891 income − $2,622 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,144
Downpayment
20%
$57,280
Closing costs
1%
$2,864
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,891
Total Expenses
$2,622
Mortgage P&I
77%
$1,456
Property Taxes
8%
$155
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$473