This property looks like a bad Airbnb investment with a projected -10.11% first-year return on $77,850 initial cash invested.
-10.11%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,383
Rent
-$656
Cashflow
Cash Flow
$2,383 income − $3,039 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,383
Total Expenses
$3,039
Mortgage P&I
61%
$1,463
Property Taxes
14%
$333
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596