This property looks like a bad Airbnb investment with a projected -9.11% first-year return on $77,850 initial cash invested.
-9.11%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$3,020
Rent
-$591
Cashflow
Cash Flow
$3,020 income − $3,611 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,020
Total Expenses
$3,611
Mortgage P&I
51%
$1,535
Property Taxes
17%
$526
Home Insurance
3%
$100
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$755