This property looks like a bad Airbnb investment with a projected -14.68% first-year return on $77,913 initial cash invested.
-14.68%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,014
Rent
-$953
Cashflow
Cash Flow
$2,014 income − $2,967 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,913
Downpayment
20%
$57,060
Closing costs
1%
$2,853
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,014
Total Expenses
$2,967
Mortgage P&I
79%
$1,586
Property Taxes
15%
$310
Home Insurance
5%
$103
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$504