This property looks like a bad Airbnb investment with a projected -1.23% first-year return on $78,228 initial cash invested.
-1.23%
Cash On Cash
6.41%
Cap Rate
1.06
DSCR
$4,103
Rent
-$80
Cashflow
Cash Flow
$4,103 income − $4,183 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,228
Downpayment
20%
$57,360
Closing costs
1%
$2,868
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,103
Total Expenses
$4,183
Mortgage P&I
35%
$1,448
Property Taxes
12%
$493
Home Insurance
7%
$273
HOA
0%
$0
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026