This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $78,270 initial cash invested.
-7.67%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$2,771
Rent
-$500
Cashflow
Cash Flow
$2,771 income − $3,271 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,771
Total Expenses
$3,271
Mortgage P&I
56%
$1,561
Property Taxes
10%
$279
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$693