This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $77,850 initial cash invested.
-11.48%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$1,950
Rent
-$745
Cashflow
Cash Flow
$1,950 income − $2,695 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,950
Total Expenses
$2,695
Mortgage P&I
81%
$1,576
Property Taxes
4%
$83
Home Insurance
5%
$100
HOA
0%
$0
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$488