This property looks like a bad Airbnb investment with a projected -16.36% first-year return on $78,207 initial cash invested.
-16.36%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$1,743
Rent
-$1,066
Cashflow
Cash Flow
$1,743 income − $2,809 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,207
Downpayment
20%
$57,340
Closing costs
1%
$2,867
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,743
Total Expenses
$2,809
Mortgage P&I
85%
$1,489
Property Taxes
22%
$380
Home Insurance
6%
$103
HOA
0%
$0
Property Management
15%
$261
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$436