This property looks like a bad Airbnb investment with a projected -26.37% first-year return on $77,829 initial cash invested.
-26.37%
Cash On Cash
-0.52%
Cap Rate
-0.08
DSCR
$1,278
Rent
-$1,710
Cashflow
Cash Flow
$1,278 income − $2,988 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,278
Total Expenses
$2,988
Mortgage P&I
120%
$1,536
Property Taxes
55%
$703
Home Insurance
11%
$135
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$320