This property looks like a bad Airbnb investment with a projected -8% first-year return on $77,850 initial cash invested.
-8%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$2,682
Rent
-$519
Cashflow
Cash Flow
$2,682 income − $3,201 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,682
Total Expenses
$3,201
Mortgage P&I
58%
$1,544
Property Taxes
9%
$246
Home Insurance
4%
$100
HOA
1%
$25
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670