This property looks like a bad Airbnb investment with a projected -19.78% first-year return on $78,270 initial cash invested.
-19.78%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$1,687
Rent
-$1,290
Cashflow
Cash Flow
$1,687 income − $2,977 expenses = $1,290 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,270
Downpayment
20%
$57,400
Closing costs
1%
$2,870
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,687
Total Expenses
$2,977
Mortgage P&I
87%
$1,471
Property Taxes
35%
$597
Home Insurance
6%
$100
HOA
0%
$0
Property Management
15%
$253
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$422