This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $77,850 initial cash invested.
-16.72%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$1,182
Rent
-$1,085
Cashflow
Cash Flow
$1,182 income − $2,267 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,182
Total Expenses
$2,267
Mortgage P&I
125%
$1,474
Property Taxes
11%
$126
Home Insurance
8%
$100
HOA
0%
$0
Property Management
15%
$177
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$296