This property looks like a bad Airbnb investment with a projected -4.3% first-year return on $76,947 initial cash invested.
-4.3%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$3,017
Rent
-$276
Cashflow
Cash Flow
$3,017 income − $3,293 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,947
Downpayment
20%
$56,140
Closing costs
1%
$2,807
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,017
Total Expenses
$3,293
Mortgage P&I
51%
$1,526
Property Taxes
8%
$227
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754