This property looks like a bad Airbnb investment with a projected -7.13% first-year return on $77,367 initial cash invested.
-7.13%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$2,869
Rent
-$460
Cashflow
Cash Flow
$2,869 income − $3,329 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,367
Downpayment
20%
$56,540
Closing costs
1%
$2,827
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,869
Total Expenses
$3,329
Mortgage P&I
53%
$1,526
Property Taxes
11%
$324
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717