This property looks like a bad Airbnb investment with a projected -19.19% first-year return on $76,800 initial cash invested.
-19.19%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$1,486
Rent
-$1,228
Cashflow
Cash Flow
$1,486 income − $2,714 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,486
Total Expenses
$2,714
Mortgage P&I
105%
$1,562
Property Taxes
22%
$326
Home Insurance
7%
$98
HOA
1%
$15
Property Management
15%
$223
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$372