This property looks like a bad Airbnb investment with a projected -5.37% first-year return on $78,249 initial cash invested.
-5.37%
Cash On Cash
5.21%
Cap Rate
0.84
DSCR
$2,737
Rent
-$350
Cashflow
Cash Flow
$2,737 income − $3,087 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,249
Downpayment
20%
$57,380
Closing costs
1%
$2,869
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,737
Total Expenses
$3,087
Mortgage P&I
54%
$1,486
Property Taxes
7%
$186
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$684