This property looks like a bad Airbnb investment with a projected -9.97% first-year return on $77,976 initial cash invested.
-9.97%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$2,375
Rent
-$648
Cashflow
Cash Flow
$2,375 income − $3,023 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,375
Total Expenses
$3,023
Mortgage P&I
66%
$1,578
Property Taxes
8%
$200
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$594