This property looks like a bad Airbnb investment with a projected -13.1% first-year return on $77,871 initial cash invested.
-13.1%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$1,962
Rent
-$850
Cashflow
Cash Flow
$1,962 income − $2,812 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,871
Downpayment
20%
$57,020
Closing costs
1%
$2,851
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,962
Total Expenses
$2,812
Mortgage P&I
79%
$1,552
Property Taxes
11%
$208
Home Insurance
5%
$102
HOA
1%
$10
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490