This property looks like a bad Airbnb investment with a projected -10.3% first-year return on $77,703 initial cash invested.
-10.3%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,694
Rent
-$667
Cashflow
Cash Flow
$2,694 income − $3,361 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,703
Downpayment
20%
$56,860
Closing costs
1%
$2,843
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,694
Total Expenses
$3,361
Mortgage P&I
55%
$1,469
Property Taxes
18%
$495
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$674