This property looks like a bad Airbnb investment with a projected -11.78% first-year return on $77,430 initial cash invested.
-11.78%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$2,594
Rent
-$760
Cashflow
Cash Flow
$2,594 income − $3,354 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,430
Downpayment
20%
$56,600
Closing costs
1%
$2,830
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$3,354
Mortgage P&I
61%
$1,591
Property Taxes
16%
$416
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$648