This property looks like a bad Airbnb investment with a projected -12.85% first-year return on $77,976 initial cash invested.
-12.85%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,130
Rent
-$835
Cashflow
Cash Flow
$2,130 income − $2,965 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$286k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,976
Downpayment
20%
$57,120
Closing costs
1%
$2,856
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,130
Total Expenses
$2,965
Mortgage P&I
74%
$1,583
Property Taxes
12%
$258
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$320
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$532