This property looks like a bad Airbnb investment with a projected -7.71% first-year return on $78,291 initial cash invested.
-7.71%
Cash On Cash
4.46%
Cap Rate
0.72
DSCR
$2,322
Rent
-$503
Cashflow
Cash Flow
$2,322 income − $2,825 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,291
Downpayment
20%
$57,420
Closing costs
1%
$2,871
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$2,825
Mortgage P&I
64%
$1,478
Property Taxes
6%
$128
Home Insurance
5%
$105
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580