This property looks like a bad Airbnb investment with a projected -10.69% first-year return on $77,913 initial cash invested.
-10.69%
Cash On Cash
3.58%
Cap Rate
0.58
DSCR
$1,931
Rent
-$694
Cashflow
Cash Flow
$1,931 income − $2,625 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,913
Downpayment
20%
$57,060
Closing costs
1%
$2,853
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,931
Total Expenses
$2,625
Mortgage P&I
76%
$1,468
Property Taxes
7%
$128
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$483