This property looks like a bad Airbnb investment with a projected -4.52% first-year return on $76,779 initial cash invested.
-4.52%
Cash On Cash
5.48%
Cap Rate
0.88
DSCR
$2,851
Rent
-$289
Cashflow
Cash Flow
$2,851 income − $3,140 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,851
Total Expenses
$3,140
Mortgage P&I
51%
$1,454
Property Taxes
7%
$202
Home Insurance
3%
$98
HOA
1%
$17
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713