This property looks like a bad Airbnb investment with a projected -3.85% first-year return on $77,304 initial cash invested.
-3.85%
Cash On Cash
5.52%
Cap Rate
0.91
DSCR
$2,868
Rent
-$248
Cashflow
Cash Flow
$2,868 income − $3,116 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,304
Downpayment
20%
$56,480
Closing costs
1%
$2,824
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,116
Mortgage P&I
50%
$1,432
Property Taxes
7%
$207
Home Insurance
3%
$100
HOA
0%
$0
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717