This property looks like a bad Airbnb investment with a projected -16.49% first-year return on $78,228 initial cash invested.
-16.49%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$1,987
Rent
-$1,075
Cashflow
Cash Flow
$1,987 income − $3,062 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$287k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,228
Downpayment
20%
$57,360
Closing costs
1%
$2,868
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,987
Total Expenses
$3,062
Mortgage P&I
79%
$1,569
Property Taxes
22%
$438
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$497