This property looks like a bad Airbnb investment with a projected -10.95% first-year return on $77,388 initial cash invested.
-10.95%
Cash On Cash
3.45%
Cap Rate
0.58
DSCR
$2,692
Rent
-$706
Cashflow
Cash Flow
$2,692 income − $3,398 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$283k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,388
Downpayment
20%
$56,560
Closing costs
1%
$2,828
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,398
Mortgage P&I
52%
$1,411
Property Taxes
22%
$593
Home Insurance
4%
$101
HOA
0%
$0
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$673