This property looks like a bad Airbnb investment with a projected -3.57% first-year return on $77,724 initial cash invested.
-3.57%
Cash On Cash
6.23%
Cap Rate
0.93
DSCR
$3,144
Rent
-$231
Cashflow
Cash Flow
$3,144 income − $3,375 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,724
Downpayment
20%
$56,880
Closing costs
1%
$2,844
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,375
Mortgage P&I
50%
$1,581
Property Taxes
6%
$183
Home Insurance
3%
$101
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$786