This property looks like a bad Airbnb investment with a projected -9.81% first-year return on $77,283 initial cash invested.
-9.81%
Cash On Cash
3.98%
Cap Rate
0.63
DSCR
$2,249
Rent
-$632
Cashflow
Cash Flow
$2,249 income − $2,881 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,283
Downpayment
20%
$56,460
Closing costs
1%
$2,823
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,249
Total Expenses
$2,881
Mortgage P&I
66%
$1,479
Property Taxes
10%
$221
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562