This property looks like a bad Airbnb investment with a projected -8.03% first-year return on $77,892 initial cash invested.
-8.03%
Cash On Cash
4.41%
Cap Rate
0.71
DSCR
$2,373
Rent
-$521
Cashflow
Cash Flow
$2,373 income − $2,894 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,892
Downpayment
20%
$57,040
Closing costs
1%
$2,852
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,373
Total Expenses
$2,894
Mortgage P&I
62%
$1,474
Property Taxes
8%
$180
Home Insurance
4%
$101
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$593