This property looks like a bad Airbnb investment with a projected -12.5% first-year return on $77,850 initial cash invested.
-12.5%
Cash On Cash
3.76%
Cap Rate
0.56
DSCR
$2,783
Rent
-$811
Cashflow
Cash Flow
$2,783 income − $3,594 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,783
Total Expenses
$3,594
Mortgage P&I
57%
$1,592
Property Taxes
20%
$567
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696