This property looks like a bad Airbnb investment with a projected -10.27% first-year return on $76,779 initial cash invested.
-10.27%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$1,969
Rent
-$657
Cashflow
Cash Flow
$1,969 income − $2,626 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,969
Total Expenses
$2,626
Mortgage P&I
72%
$1,427
Property Taxes
8%
$156
Home Insurance
5%
$98
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$492