This property looks like a bad Airbnb investment with a projected -2.03% first-year return on $78,543 initial cash invested.
-2.03%
Cash On Cash
6.16%
Cap Rate
0.99
DSCR
$3,021
Rent
-$133
Cashflow
Cash Flow
$3,021 income − $3,154 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,543
Downpayment
20%
$57,660
Closing costs
1%
$2,883
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,021
Total Expenses
$3,154
Mortgage P&I
49%
$1,491
Property Taxes
4%
$112
Home Insurance
3%
$101
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$755