This property looks like a bad Airbnb investment with a projected -3.44% first-year return on $78,564 initial cash invested.
-3.44%
Cash On Cash
6.24%
Cap Rate
0.94
DSCR
$3,185
Rent
-$225
Cashflow
Cash Flow
$3,185 income − $3,410 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,564
Downpayment
20%
$57,680
Closing costs
1%
$2,884
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,185
Total Expenses
$3,410
Mortgage P&I
50%
$1,597
Property Taxes
6%
$180
Home Insurance
3%
$105
HOA
0%
$0
Property Management
15%
$478
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796