This property looks like a bad Airbnb investment with a projected -8.31% first-year return on $78,123 initial cash invested.
-8.31%
Cash On Cash
4.41%
Cap Rate
0.71
DSCR
$2,582
Rent
-$541
Cashflow
Cash Flow
$2,582 income − $3,123 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,123
Downpayment
20%
$57,260
Closing costs
1%
$2,863
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$3,123
Mortgage P&I
58%
$1,489
Property Taxes
11%
$276
Home Insurance
5%
$119
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$646