This property looks like a bad Airbnb investment with a projected -18.97% first-year return on $77,430 initial cash invested.
-18.97%
Cash On Cash
1.66%
Cap Rate
0.26
DSCR
$2,187
Rent
-$1,224
Cashflow
Cash Flow
$2,187 income − $3,411 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$3,411
Mortgage P&I
70%
$1,529
Property Taxes
33%
$728
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$547