This property looks like a bad Airbnb investment with a projected -7.91% first-year return on $76,590 initial cash invested.
-7.91%
Cash On Cash
4.31%
Cap Rate
0.71
DSCR
$2,202
Rent
-$505
Cashflow
Cash Flow
$2,202 income − $2,707 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,202
Total Expenses
$2,707
Mortgage P&I
64%
$1,420
Property Taxes
6%
$121
Home Insurance
4%
$98
HOA
1%
$12
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550