This property looks like a bad Airbnb investment with a projected -12.18% first-year return on $77,136 initial cash invested.
-12.18%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$1,802
Rent
-$783
Cashflow
Cash Flow
$1,802 income − $2,585 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,136
Downpayment
20%
$56,320
Closing costs
1%
$2,816
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,802
Total Expenses
$2,585
Mortgage P&I
86%
$1,541
Property Taxes
4%
$79
Home Insurance
6%
$101
HOA
0%
$0
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$450