This property looks like a bad Airbnb investment with a projected -15.95% first-year return on $77,850 initial cash invested.
-15.95%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$1,777
Rent
-$1,035
Cashflow
Cash Flow
$1,777 income − $2,812 expenses = $1,035 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
$1,777
Total Expenses
$2,812
Mortgage P&I
87%
$1,544
Property Taxes
18%
$315
Home Insurance
6%
$100
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$444