This property looks like a bad Airbnb investment with a projected -10.65% first-year return on $77,850 initial cash invested.
-10.65%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$2,519
Rent
-$691
Cashflow
Cash Flow
$2,519 income − $3,210 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,519
Total Expenses
$3,210
Mortgage P&I
63%
$1,586
Property Taxes
12%
$312
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$630