This property looks like a bad Airbnb investment with a projected -2.51% first-year return on $77,829 initial cash invested.
-2.51%
Cash On Cash
5.99%
Cap Rate
0.96
DSCR
$2,728
Rent
-$163
Cashflow
Cash Flow
$2,728 income − $2,891 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,728
Total Expenses
$2,891
Mortgage P&I
54%
$1,475
Property Taxes
0%
$7
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682