This property looks like a bad Airbnb investment with a projected -10.83% first-year return on $77,472 initial cash invested.
-10.83%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$1,993
Rent
-$699
Cashflow
Cash Flow
$1,993 income − $2,692 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,472
Downpayment
20%
$56,640
Closing costs
1%
$2,832
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,993
Total Expenses
$2,692
Mortgage P&I
78%
$1,546
Property Taxes
4%
$84
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498